in our last analysis, we talked about the importance of breaking out this trend line in order to test the major trend line, as we see on the 4 hour chart we did have a candle close above the trend line which is a good sign, but i personally need to see a DAILY candle closes above the trend. the price seems to be re-testing this trend line before taking off.
alternatively , if we fall to break on the daily chart we may head straight down to the major support trend line.
watch daily candle closely.
alternatively , if we fall to break on the daily chart we may head straight down to the major support trend line.
watch daily candle closely.
Commento:
after retesting the minor trend RED we had a nice bounce , now we are at resistence area from 7000 to 7200, a close above that will give us a clear path to the Major trend line at around 7750-7850.
Trade chiuso: obiettivo raggiunto:
very nice and clean.
