The spinning top candle shows current indecision as the market absorbs the recent election results. But considering the outcome was a hung parliament, considered the 'worst possible outcome', price has so far reacted quite tamely. For the past seven weeks price has closed above the long term weekly lower sloping trendline, so I anticipate a continued move up, possibly with a brief turn lower before hand, to test support around the .5 level.
Commentaire:
Sorry, I meant to say around the .382 level.