Massive breakout, new fib retracement drawned
Hello Wonderful person!
We saw a very good break out and turned the resistant line in to proven support line, which is awesome!
There are a couple of concerns with some indicators that momentum is fading off, but lets see if there will be more strength added this week. (dont forget to check the RSI).
Interesting pointers are the new fib retracement that almost perfectly matches the new support line, and the current trendline is holding.
It is not unheard of that we might see a correction down to the next trendline, around 12500 Euro.
We saw a very good break out and turned the resistant line in to proven support line, which is awesome!
There are a couple of concerns with some indicators that momentum is fading off, but lets see if there will be more strength added this week. (dont forget to check the RSI).
Interesting pointers are the new fib retracement that almost perfectly matches the new support line, and the current trendline is holding.
It is not unheard of that we might see a correction down to the next trendline, around 12500 Euro.
Happy hunting and stay safe!
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