Buy opportunity at 50% level (600-620 area)
Aggiornato
The chances are good that we could see the price go down to the 50% level before we see a new higher high and a reversal of the longer-term bear trend.
The arrows show the general direction and not the exact point in time when we will hit the targets.
The arrows show the general direction and not the exact point in time when we will hit the targets.
Nota
Now we have to wait and see if the red trend line holds. When a clear break occurs, we need to set a new buying zone and dismiss this strategy.Nota
The Bull volume is still not convincing enough. A Equilibrium is forming and until we see a clear break down or up, I would advise to stay away from any bigger trading decision. With a bear break the 50% level would remain a good buying opportunity.Nota
Too way longer than expected to play out. Let's see if the 50% level holds.Nota
*Took
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