We ll try to find an entry price within the expected pull back zone 62.84 - 62.00 as previously being back tested.
We ll try to enter into the correction of the downtrend movement tracking trend oscillators as below:
diverges the price crossing down the zero level as well as shown in the chart.
A occurs confirming the correction.
The end of corrections signaling the uptrend movements.
Supporting levels meet close to 60.00$ psychological point.
DETAILS ON THE CHART
NOTE: Entry range area above the entry point, is calculated upon 80% of the recorded pullback back tested past performances
DISCLAIMER: This is a study, not an advice or recommendation to invest money on.
What i d like to say actually, is that volatility is quite different between the two sectors. Hence, although the techniques are the same, results may vary.