Reboundaction!
The market closed 4 days out of his BB - so the likelihood of a shortterm Rebound has to be exspected.
On the way up are based several resists.
-gap bottom edge @ 9.925
-old trendline @ 10.100
-38,2 fibo-retracement 10.220
-0,5 fibo @ 104.91
-the breakoutlevel from the former low @ 10.650
Should These resists hold, a bearish flag may be formed! This Szenario is thinkibla if the market does not rise above 10.490.
The target of the flag would be 8300!!!
On the way up are based several resists.
-gap bottom edge @ 9.925
-old trendline @ 10.100
-38,2 fibo-retracement 10.220
-0,5 fibo @ 104.91
-the breakoutlevel from the former low @ 10.650
Should These resists hold, a bearish flag may be formed! This Szenario is thinkibla if the market does not rise above 10.490.
The target of the flag would be 8300!!!
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