Price has just broken up a major Resistance. Divergence shows that it may do a retracement, so that's why I've put the SL in the 78.6% of the Fib retracement.
It did a retracement maximum on 38.2%, so it is a signal of STRONG UPTREND.
Day opened above DAILY PIVOT POINT, so it is a signal of an uptrend.
Comments are welcome.
It did a retracement maximum on 38.2%, so it is a signal of STRONG UPTREND.
Day opened above DAILY PIVOT POINT, so it is a signal of an uptrend.
Comments are welcome.