Plinzen

Plinzen

As seen yesterday, we anticipated a rebounce around a price of 1413. The ABC wave we drew looked like it was more of a ABCDE and the red support we had on yesterday chart acted like a charme to prevent the prices to fall further. The 4th wave might not be over and we will wait for the bullish flag to be broken at 1417-1418 to give us a bit more of confidence in it...

Plinzen Updated 

SL just under it to target next retracement 1st TP at 37

Plinzen Updated 

Again yet another bearish pennant with contraction of volume Not a perfect one as it touched the upper part only twice The target is close to the low BB and should have more volume. The level of 1400 should still hold if volumes do not follow. A SL should be set at 1407 if traded; and TP 1400.

Plinzen

Classic chart pattern with 3 hits on each line and contraction of volume The outcome should be a nice green candle with a very high volume to validate the rise