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Updated
it is just a lot bigger picture , on the quarterly level 1st bearish reversal is around 3110-3120 ,and yearly 1,311 or there about. So broadly speaking on the long side is no quarterly reversal , but a major gap on yearly level to 19800 level to 22500-23000 level , from current level which required complete meltdown of euro . Looking at those numbers a indexes can go down with out generate a sell signal on the lager time frame and same apply to long side of the trade .It is incredibly important to identify the broader trend for that is the underlying tone. It is wise to take position counter-trend only with this understanding of what you are doing.
Trade active
Currently, we have not elected any Weekly Bearish Reversals from this new high. The immediate Weekly Bearish Reversal to watch lies at 1178082. A closing beneath this level will signal a temporary high is in place. Additionally, we closed under our technical support at 1204993 warning of a pause in the uptrend for nowTrade active
We have now to exceed that level during April implying a continued advance was warranted. Support technically lies now at 1185027 and a breach of that level will warn of a retest of key support down at 1017492Trade active
Currently, we have not elected any Weekly Bearish Reversals from this new high. The immediate Weekly Bearish Reversal to watch lies at 1194156 but focus more on 1185026. A closing beneath this level will signal a temporary high is in place. Additionally, a closing beneath 1248995 would also imply a technical based pause in the uptrendTrade active
Currently, we have not elected any Weekly Bearish Reversals from this new high. The immediate Weekly Bearish Reversal to watch lies at 1194156 but focus more on 1185026. A closing beneath this level will signal a temporary high is in place. Additionally, a closing beneath 1252951 would also imply a technical based pause in the uptrend for now.Note
Currently, we have not elected any Monthly Bearish Reversals from this new high. The immediate Monthly Bearish Reversal to watch lies at 1116754. A closing beneath this level will signal a temporary high is in place. Additionally, a closing beneath 1194157 would also imply a technical based pause in the uptrend for now.Note
Since the high of 1295154 established on Tuesday June 20th, we have declined into a low at 1231900 created on Friday June 30th overall for 8 days electing in the process 4 Daily Bearish Reversals. The low formed at 1231900 did penetrate the technical channel at 1269270 which still presents some technical overhead resistance.Note
Dear All,the lines you can see is your Gide and you make your decision as to when and where you put your trade
Note
13079-13290 is your immediate target
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