HIGHER HIGH MAJOR TREND REVERSAL IN PROGRESS. MAX IN 11.530 (5ª WAVE FROM 9.300 2015), FAKE TRYING TO REACH THE MAX IN DEC18 13.336. THE TESTED SUPPORT IN 12.860/12.800 COULDN´T HOLD ANYMORE, AND THE PRICE WILL DESCRIBE THE CHANNEL. TARGET IS ABOUT 12.500. FIRST IMPORTANT SUPPORT IS 12590-12550 (. HVN 4.80% .) AND 12490 FOR A GOOD REVERSA
Komen
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this days must close under 12.800. Right now I can see a Sellclimax at 12.740 and a bounce. Today sellers should take control under 12830-60
Yesterday was a failed opportunity to fall down to the lower channel level (sp500 helped to do that). It was a stopjumper longpositions, but volatility is increasing. Maybe is a randomwalk to 13.020 or 13.150 (to break short stops), we´ll see. Next time the price is coming to 12800 zone will be faster and lethal (maybe a gap down)