H1 : Currently in the clouds (neutral zone !)
As shown on this chart, after several attempts to
get in the clouds, last H1 candle (black) broke the
Support line (red line).
What does it mean ? Well, following the recent and ongoing price
we, normally should see a follow through, calling for further downside
towards the bottom of the clouds @ 52872, which coincides also with the
38.2% Fibonacci retracement of the last 47’004-56500 rally.
CONCLUSION :
Once again, the clouds will show the direction…
and watch M15 to get intermediate signal (s)
As shown on this chart, after several attempts to
get in the clouds, last H1 candle (black) broke the
Support line (red line).
What does it mean ? Well, following the recent and ongoing price
we, normally should see a follow through, calling for further downside
towards the bottom of the clouds @ 52872, which coincides also with the
38.2% Fibonacci retracement of the last 47’004-56500 rally.
CONCLUSION :
Once again, the clouds will show the direction…
and watch M15 to get intermediate signal (s)
