TREND REVERSAL CONFIRMED ON THE DAILY CHART !!!
Price action, acceleration upside move, seen over the last couple of days confirmed the trend reversal, calling for higher levels.(Pullback failure attempt)
Indeed, the former daily downtrend line resistance has been broken and has also been confirmed by the Chico.span price action.
RSI above 50 @ 69
Only a clear breakout of the 1,5950 would put in danger the expected bullish (yield) scenario.
WEEKLY (W1)
The weekly downtrend resistance line in progress to be broken (confirmation would be given on a weekly closing basis tomorrow and also by the closing level of the Chikou-span which is currently in progress to also breakout this downtrend line resistance.
Ironman8848 & Jean-Pierre Burki
Price action, acceleration upside move, seen over the last couple of days confirmed the trend reversal, calling for higher levels.(Pullback failure attempt)
Indeed, the former daily downtrend line resistance has been broken and has also been confirmed by the Chico.span price action.
RSI above 50 @ 69
Only a clear breakout of the 1,5950 would put in danger the expected bullish (yield) scenario.
WEEKLY (W1)
The weekly downtrend resistance line in progress to be broken (confirmation would be given on a weekly closing basis tomorrow and also by the closing level of the Chikou-span which is currently in progress to also breakout this downtrend line resistance.
Ironman8848 & Jean-Pierre Burki
