FIRST BREAKOUT ON A WEEKLY CLOSING BASIS OF THE DOUBLE BOTTOM TRIGGER LEVEL @ 1'919 (WEEKLY CLOSING WAS 1966.60)
PULLBACK ON RSI HOLD AND RECOVERED; currently above 50 @ 68.21
LAGGING LINE ABOVE FORMER HIGH = positive signal too
On the downside the first support to look at is at 1'878 (TS) ahead of 1'848 (KS) and MBB @ 1'827 which is also the top of the weekly clouds support zone (weekly clouds range from 1'827-1'778)
Warning !
Despite this weekly positive picture, watch carefuly the daily price action which is showing a RSI bearish divergence and which could trigger some short term downside correction, potentially towards the daily TS currently @ 1'928
IRONMAN8848 & Jean-Pierre Burki
PULLBACK ON RSI HOLD AND RECOVERED; currently above 50 @ 68.21
LAGGING LINE ABOVE FORMER HIGH = positive signal too
On the downside the first support to look at is at 1'878 (TS) ahead of 1'848 (KS) and MBB @ 1'827 which is also the top of the weekly clouds support zone (weekly clouds range from 1'827-1'778)
Warning !
Despite this weekly positive picture, watch carefuly the daily price action which is showing a RSI bearish divergence and which could trigger some short term downside correction, potentially towards the daily TS currently @ 1'928
IRONMAN8848 & Jean-Pierre Burki
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