• Higher highs, higher lows since Sep 21, so the trend is bullish
• However, a small correction is expected, first target/support is the 38,2% level at 3750.
• Followed by the ascending trend line support, today at 3200.
• Upside is capped by the critical resistance at 4380 which is a double top, until now.
• However, a small correction is expected, first target/support is the 38,2% level at 3750.
• Followed by the ascending trend line support, today at 3200.
• Upside is capped by the critical resistance at 4380 which is a double top, until now.
Ramzi Abou Abdallah, CFTe, CMT
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