Did the 0,5 fibo retracement stop the pullback or is it just a dead cat bounce on its way down?
Two days ago the index seemed to fall back in its tradingbox (blue). In former days this level always was suitable for shortscalps with target @ the tradingbox`s lower edge. @ 4.400. This level should be a strong support, because there are basd the sma and ema 200.
The yesterdays candle bolsters up that the downtrend of the last tradingsessions can be possibly stopped.
-Prices above the vox upper edge @ 4.550 will strenghten the bullish trend - a first target could be the last High @ 4692
Two days ago the index seemed to fall back in its tradingbox (blue). In former days this level always was suitable for shortscalps with target @ the tradingbox`s lower edge. @ 4.400. This level should be a strong support, because there are basd the sma and ema 200.
The yesterdays candle bolsters up that the downtrend of the last tradingsessions can be possibly stopped.
-Prices above the vox upper edge @ 4.550 will strenghten the bullish trend - a first target could be the last High @ 4692
