Longterm View: Weekly Chart still bullish
The weekly is still bullish.
-Prices above the last High will genereate a Longterm Buying Signal with a prospect of new ATH`s.
-The level @ 17.000 (longterm trend chanel) should be a support here.
-Prices below 16.800 will hurt the longterm trend chanel and the risk then will increase that a bigger consolidation could start. Possible targets of this big consolidation are the fibos:
23,6: 15.464
38,2 (minimal correction) 13.737
0,5: 12.341 healthy correction
61,8 maximal correction: 10.946
Prices within the tradingboc (blue) are good for scalping / swingtrading
-Prices above the last High will genereate a Longterm Buying Signal with a prospect of new ATH`s.
-The level @ 17.000 (longterm trend chanel) should be a support here.
-Prices below 16.800 will hurt the longterm trend chanel and the risk then will increase that a bigger consolidation could start. Possible targets of this big consolidation are the fibos:
23,6: 15.464
38,2 (minimal correction) 13.737
0,5: 12.341 healthy correction
61,8 maximal correction: 10.946
Prices within the tradingboc (blue) are good for scalping / swingtrading
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