Hello everyone,
After the bloody Monday of 2 weeks ago, there was another one yesterday with an even greater calliber, partly caused by the viruses. In the meantime, we have arrived at the bottom of the long-term trend channel, it is important in the coming period whether it can hold, if not there will be an even greater fall.
There is still a gap (skipped course) open around 530, I expect this to be closed at the next recovery.
I would just like to point to the larger picture with the formation of an M-pattern, this is top pattern when this is rounded off, this gives a course target the size of its size downwards. The dividing line is around 472. If it breaks then there is a target of around 377! To keep in mind !
Support: 485/472
Resistance: 530
Good luck traders!
TT
After the bloody Monday of 2 weeks ago, there was another one yesterday with an even greater calliber, partly caused by the viruses. In the meantime, we have arrived at the bottom of the long-term trend channel, it is important in the coming period whether it can hold, if not there will be an even greater fall.
There is still a gap (skipped course) open around 530, I expect this to be closed at the next recovery.
I would just like to point to the larger picture with the formation of an M-pattern, this is top pattern when this is rounded off, this gives a course target the size of its size downwards. The dividing line is around 472. If it breaks then there is a target of around 377! To keep in mind !
Support: 485/472
Resistance: 530
Good luck traders!
TT