The Cloud is the Bottom
Updated
Today's steep fall was way to steep. We have reached the top of the rising cloud which will be a support. We could not stay below the Island which we had entered 12th-14th June. This signals an oversold status.
A correction of the fall since 16th June is likely now if not a resumption of the uptrend.
A correction of the fall since 16th June is likely now if not a resumption of the uptrend.
Note
By the way: The window that has been open since June 12th could not be closed.Trade closed: target reached
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