Price failed to reach the down sloping median line (*), made a double bottom right at the Gartley completion and expected channel bottom, which also happens to be right at the .382 retracement from the 2011 Oct. low.
As long as this level is respected I would recommend keeping an eye out for any bullish setups.
A positive retest of the lower parallel could supply the opportunity to get in. Minimum target is of course the .382 retracement of the CD leg, which comes in just above 130 DKK.
Caution: the overall market condition isn't taken into account. Things are looking fragile out there.
As long as this level is respected I would recommend keeping an eye out for any bullish setups.
A positive retest of the lower parallel could supply the opportunity to get in. Minimum target is of course the .382 retracement of the CD leg, which comes in just above 130 DKK.
Caution: the overall market condition isn't taken into account. Things are looking fragile out there.