Market has broken Long Term Descending Trendline to form a new high,
We have drawn a Fib from the previous Low to the new high, and the market has now came back to test the 50 Fib Zone, which is also re testing the back of the descending long term trendline.
The market is now on a level of support, and has also broke the new inner trendline give a further confirmation that the market is now bullish.
We have drawn a Fib from the previous Low to the new high, and the market has now came back to test the 50 Fib Zone, which is also re testing the back of the descending long term trendline.
The market is now on a level of support, and has also broke the new inner trendline give a further confirmation that the market is now bullish.