Trendlines are working. There's nothing abnormal yet!
Hello Friends and Fellows!
The uptrend from Nov 2013 (the red one) is still untouched. We may encounter a bullish reversal from that red line.
Further drop may come after the bounce to the other supports which are shown with short lines at the end of the chart. 6000, 5400 and 4400 are possible supports in that case.
But we're in a good place for reversal from the red uptrend line. Together with a nice volume it can be the bottom.
Press the like button if you like the idea.
Hope you all have fun with profitable trades.
The uptrend from Nov 2013 (the red one) is still untouched. We may encounter a bullish reversal from that red line.
Further drop may come after the bounce to the other supports which are shown with short lines at the end of the chart. 6000, 5400 and 4400 are possible supports in that case.
But we're in a good place for reversal from the red uptrend line. Together with a nice volume it can be the bottom.
Press the like button if you like the idea.
Hope you all have fun with profitable trades.
Let's see how far it goes...
I'm going to talk about the key levels ahead in my next TA.
Good luck all