In my opinion the price action below 197.1 might be considered as a bear trap. Now the price is re-testing 197.10, which is also a 61.8 Fibonacci of prior upswing. There is a high probability of a bounce up, so let us see.
Petr Suchanek
YouTube Channel: bit.ly/17jWiog
TWITTER: @FlexibleTrader
E-MAIL: psuchanek@smbcap.com
Blog: bit.ly/1qaZNHk
Petr Suchanek
YouTube Channel: bit.ly/17jWiog
TWITTER: @FlexibleTrader
E-MAIL: psuchanek@smbcap.com
Blog: bit.ly/1qaZNHk