as we are in a rallie wich took out 845 wich was a capitulation point for the bears we are on our way to the psychological important 1000 mark...
a Bearish reaction @1000 could lead to a decline till 845 , however if we see bullish activity or a rejection at this level
we should judge that action as a sign of strenght.
a further decline could see a further reaction @740 any bullish signs here are also considered strong
a break of 740 however should be conisdered weak and a retest of the lows @540 is likely , or worse..
however a break of 1000 wich can be sustained or sees a retest should be considered strong and bullish and a retest of the ATHs will be the case.. if that ATH breaks.. its TO DA MOON ;)
Trades can be found at 1000 / 845 / 740
a Bearish reaction @1000 could lead to a decline till 845 , however if we see bullish activity or a rejection at this level
we should judge that action as a sign of strenght.
a further decline could see a further reaction @740 any bullish signs here are also considered strong
a break of 740 however should be conisdered weak and a retest of the lows @540 is likely , or worse..
however a break of 1000 wich can be sustained or sees a retest should be considered strong and bullish and a retest of the ATHs will be the case.. if that ATH breaks.. its TO DA MOON ;)
Trades can be found at 1000 / 845 / 740