Nice try by the bulls but it seems not good enough.
Bulls have made some effort to gain terrain but the trend is still bearish.
The past days we saw a strong rejection of the 55ema and the trendline. If bulls have an intention to seek higher ground their time is limited. Once we break down the upwards trendline there is a cluster of fibs and two trendlines of resistance. It will need brute force to overcome this. I give it more then 50% change we break, the upward trendline will be resistance so we may see a little upward move but finally it will break down again.6400 could be reconfirmed within jan 2020 and maybe the downside of the long term trendcanal where 5200 region would be a perfect spot for a turnaround.
The past days we saw a strong rejection of the 55ema and the trendline. If bulls have an intention to seek higher ground their time is limited. Once we break down the upwards trendline there is a cluster of fibs and two trendlines of resistance. It will need brute force to overcome this. I give it more then 50% change we break, the upward trendline will be resistance so we may see a little upward move but finally it will break down again.6400 could be reconfirmed within jan 2020 and maybe the downside of the long term trendcanal where 5200 region would be a perfect spot for a turnaround.
相關出版品
免責聲明
這些資訊和出版物並不意味著也不構成TradingView提供或認可的金融、投資、交易或其他類型的意見或建議。請在使用條款閱讀更多資訊。