after breakout from the falling wedge

20 mars 2018

the breakout was strong yet similar to the move 8500-9800 from a week ago so nothing really sure yet; the main good sign this time the volume was much higher. Worth noting 8350 low to latest 8700 high line is aligned with the one connecting lows 6000 -> 7250 which may suggest a rising channel is forming with the high targeting over 13k and a middle around 10-10.5k where the gap is left to be covered. Interesting to watch how the situation emerges. Still the confirmation drop to 7350 may be possible.

20 mars 2018

Note

so the momentum was strong enough to continue upward move. Next stronger resistance seems to be around 9100-9300 while 8750 should act as a a support