Well Link made some bounce back from the dip that happened on 5/6 december. It has established since 6 december a upward channel but it did broke out from it, but despite that it still may jump up. We have 0.618 fibo under our legs and also local support. MACD is heading towards a cross so we may get a nice upwards movement. Still we need to have in mind another scenario which simply will happen if we will break down this local support and fall below 0.61 fibonacci retracement.
I'm currently without position, just watching.
This is not a financial advice, I'm just sharing my personal view.
I'm currently without position, just watching.
This is not a financial advice, I'm just sharing my personal view.
Comment:
We broke the local supp, analys invalid.