Following up on the trend fan i posted few days ago in a previous trade idea.
Clear break and retest visible, as noted on the chart. This is giving us bullish direction for days to come. At current levels we have strong resistance area, pushing the price down, and hopefully give us a better buy level. Will be watching for first buy signal at around 1221.81 as this is the area of the retest and should act as support, as per trend fan criteria. OR a simple break through the ressistance targeting the next trend line of the fan.
Clear break and retest visible, as noted on the chart. This is giving us bullish direction for days to come. At current levels we have strong resistance area, pushing the price down, and hopefully give us a better buy level. Will be watching for first buy signal at around 1221.81 as this is the area of the retest and should act as support, as per trend fan criteria. OR a simple break through the ressistance targeting the next trend line of the fan.