CMF looks a bit overbought and BB% shows drop in strength, price action also suggests that we see lower before we see higher. Retesting the yellow line / previous support would be a conformation of bullish bias.
Commentaire:
This recent attempt to break above 9160 again is over-extended: Volume is dropping which suggest that the move is running out of steam. At the same time we have a potential ascending triangle forming for a new break attempt to the upside on low volume is plausible -- if that fails I think we are heading back lower. Still expecting to re-test of former resistance to prove to be the new support (yellow line - 8975 area - 8840 even).
Commentaire:
Adjusted support line - new ascending triangle forming, potential breakout
Commentaire:
All those divergences on the first update were realized ...