Support line holding after numerous touches
Strong rebound, Nice V formation
wait for a test and get ready to BUY
strong buying momentum is likely to continue in the coming week.
However do take note of major news releases (esp ISM on friday)
in the longer term perspective,
px is in sellers area. downward trend.
descending triangle
if break below the triangle / support
next support at neck line
Strong rebound, Nice V formation
wait for a test and get ready to BUY
strong buying momentum is likely to continue in the coming week.
However do take note of major news releases (esp ISM on friday)
in the longer term perspective,
px is in sellers area. downward trend.
descending triangle
if break below the triangle / support
next support at neck line