With the rising trend line broken on the 4hr I have moved my Fib Retrace to the 17th Jan low and 28th Jan high Bull run. The break below the rising trend line, to me, signals this bull run has now complete and the bears are back in play. Looking to return back down to around the 61.8% line for a possible small bounce back.
A break back above the rising blue trend line will void this thought.
Kommentar
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The Bulls are doing everything they can to break back above that Rising trend line. A break above 1150 (20th Jan High) would put me on the sidelines.