Today we have seen a long wick till 10.800 - the market closed 175 points higher but below the ema&sma 200! It´s a very dangerous situation! A close under these moving averages is able to initiate a sellout, because many market participants put their stopps near that level. !!!
The today`s candle has a bullish character. I think the rebound can reach till its 61,8 fibo retracement @ 11.300. Moreover that is the actual maximum range of the Bollinger upper band. On its way up 11130 is a strong resistance.
Have we seen the LOW?
The today`s candle has a bullish character. I think the rebound can reach till its 61,8 fibo retracement @ 11.300. Moreover that is the actual maximum range of the Bollinger upper band. On its way up 11130 is a strong resistance.
Have we seen the LOW?
