Hello.I believe that a new uptrend is ready to be established.The 1st fibo give us a markup at the level of 161.8%.Lets recognize that when the primary trend line was smashed by the price we were guided at the consolidation level and then a markup above the primary trend line.Now we have smash again the primary trend line and we are waiting the "smart money" to be established.Predicted highest price at the level 161.8% of second fibo.
MA7 is above from MA15 which mean that this week we had a rise of the prices(we can see it from the candles).Next step is to see
MA7 > MA 15 > MA 40 > MA 295.
Note:I dont recommend to buy now.I suggest to wait first to watch if this "new" trend line( from 07/2013) can be trustful and second if the price satisfy the MAs.
Thanks and good trade.
MA7 is above from MA15 which mean that this week we had a rise of the prices(we can see it from the candles).Next step is to see
MA7 > MA 15 > MA 40 > MA 295.
Note:I dont recommend to buy now.I suggest to wait first to watch if this "new" trend line( from 07/2013) can be trustful and second if the price satisfy the MAs.
Thanks and good trade.