Is this the next buying chance?

former view:

Today we nearly kissed the former bo-Level (possible entry Level 770-810) -....is this a chance or weakness?
The RSI is very oversold...! watch it!

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nice c r r

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the first test of the FORMER BO LEVEL was bought..

now we have reached the resistance @ 615..above that level the chart brightens a bit in this tf

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rsi is forming a buying signal

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we havn`t reached the 0,5 fibo, thats really weak...

is the correction finished now?

Commento:

overbought now....and again kissing the min. correction fibo 38,2

Commento:

we are forming a tiny shortterm uptrend..thats good for the longs :-9

the chart seems to break out to the upside ..it`s looking like a classical 1-2-3

Commento:

but remember where we are:

we are fighting against the downtrend at the moment. swingtrader would perhaps short that level caclical and would try to catch the next downswing

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yes Baby!!!!!!!!!!!

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nearly done!

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come on Baby!