Is this the next buying chance?

former view:

Today we nearly kissed the former bo-Level (possible entry Level 770-810) -....is this a chance or weakness?
The RSI is very oversold...! watch it!

Kommentera:

Kommentera:

nice c r r

Kommentera:

Kommentera:

Kommentera:

Kommentera:

the first test of the FORMER BO LEVEL was bought..

now we have reached the resistance @ 615..above that level the chart brightens a bit in this tf

Kommentera:

rsi is forming a buying signal

Kommentera:

we havn`t reached the 0,5 fibo, thats really weak...

is the correction finished now?

Kommentera:

overbought now....and again kissing the min. correction fibo 38,2

Kommentera:

we are forming a tiny shortterm uptrend..thats good for the longs :-9

the chart seems to break out to the upside ..it`s looking like a classical 1-2-3

Kommentera:

but remember where we are:

we are fighting against the downtrend at the moment. swingtrader would perhaps short that level caclical and would try to catch the next downswing

Kommentera:

Kommentera:

Kommentera:

yes Baby!!!!!!!!!!!

Kommentera:

Kommentera:

nearly done!

Kommentera:

come on Baby!