Uptrend still in play, about to make a new leg or a correction
Don't be fooled by the bears, we are still above the kijun of the daily cloud and above the trendline. We are in this uptrend from mid-january.
We are above a small trendline that suggest a new leg up coming today or tommorow.
But we can also correct to the major trendline in the 255-262 area, that could be a perfect place to buy in with a stop loss below the trendline.
To be fair with the bears I also tried to predict the possibles paths in case the major trendline will break down.
Right now the most probable path in my opinion is the "A" one.
We are above a small trendline that suggest a new leg up coming today or tommorow.
But we can also correct to the major trendline in the 255-262 area, that could be a perfect place to buy in with a stop loss below the trendline.
To be fair with the bears I also tried to predict the possibles paths in case the major trendline will break down.
Right now the most probable path in my opinion is the "A" one.
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