MAIN: continuation of the uptrend after breakout of resistance BUY @2130 TARGET: 2180/2210 STOP: 2090 ALTERNATIVE: false breakout and back to consolidation SELL @2120 TARGET: 2040/2000 STOP: 2160
A solid uptrend is in place A consolidation on 1325 level can establish the support for the next leg MAIN: uptrend continuation BUY @1325 TARGET: 1380/1460 STOP LOSS: 1270 ALTERNATIVE: SELL @1310 TARGET: 1250/1200 STOP LOSS: 1380
MAIN: continuation of the upside movement BUY @138 TARGET: 141/144 STOP LOSS: 137 ALTERNATIVE SELL @137.5 TARGET: 135.3/132.2 STOP LOSS: 138.5
MAIN: breakout of downtrend and attempt to violate 50% fib retracement for uptrend continuation BUY @95.75 TARGET: 97/98 STOP: 95.25 ALTERNATIVE: test of area between 50% and 61.8% fib retracement and continuation of downtrend SELL @96.0 TARGET: 94/93 STOP: 96.50
The established uptrend is being tested a continuation of the above is probable MAIN: continuation of the uptrend BUY @46.0 TARGET: 50/60 STOP LOSS: 42.0 ALTERNATIVE SELL @45 TARGET: 40/38/36 STOP LOSS: 47.0
test of support @2040 which is also 23% fib retracement then test of main support @2000 where the 38% fib retirement passes. if support @2000 does not hold the recent rally may fade
MAIN: LONG@1260 TARGET@1380 STOP LOSS@1240 (the short term uptrend and the channel temporary violation lead to breakout but have to be confirmed by both rsi and macd bullish readings) ALTERNATIVE: SHORT@1210 TARGET@1140 STOP LOSS@1230 (after short term trendline violation if support at 1211 does not hold test of the lower side of the channel is needed)
MAIN: SELL @18.000 TARGET: 15.850/14.650 STOP: 18.250 (test of support @17.500 with limited reaction upside then violation of the support downwards) ALTERNATIVE: BUY @17.500 TARGET: 19.200/20.100 (support @17.500 holds and triangle formation continues upwards)
after the violation of 23% fib retracement level @45.50 pointing at 38% fib level @57.40. rsi not yet overbought so there is room for the upside macd well configured for a continuation of the trend