We are back in the resistance area around 9.800. If we break through this, we can move on to the next resistance at 10.300 - 10.500. To break that resistance is going to be very difficult. The more often we are rejected, the greater the chance of a deeper relapse.
If we are rejected in the 9.800 area, we will probably go back to the first support area around 9250. There is also the downside of the upward trend. Important to keep for the bulls. If we lose support there is a lot of space down. On the smaller frames first towards 8.600. On the larger frames a lot deeper. There the first serial support is around 8000
Let me know what you think guys...
If we are rejected in the 9.800 area, we will probably go back to the first support area around 9250. There is also the downside of the upward trend. Important to keep for the bulls. If we lose support there is a lot of space down. On the smaller frames first towards 8.600. On the larger frames a lot deeper. There the first serial support is around 8000
Let me know what you think guys...