Yannick1961

Yannick1961

A correction is possible following the bearish pine bar. However, it is better to wait for the price to cross below the SMA 10 and 20. I am not a seller; I rather wait for a safe return, or near the bottom of the canal. In the orange zone, I will watch for a bullish setup. This analysis does not constitute financial advice, but rather an expression of my own vision.

Yannick1961

The price could make a double dip. If breakout / close above the neck line, the probability of reaching 67.45 is possible. This analysis is not advice, but my personal vision.

Yannick1961

The trend seems clearly bullish. Price is holding above the 200-period exponential moving average (200 EMA). As long as the price remains above 5112.60, which corresponds to the lower Bollinger band in addition to the channel median (see red cross), the uptrend is maintained. In the event of a break below 5111.60, there is a high probability that the price will...

Yannick1961

Downtrend/dangerous. The price came on an LT mount. A Wolfe wave is emerging. TP No. 1 is statistically point 4. Make your own opinion based on your setups/strategies.