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Cyclical Buyingwave ahead?This is a nice bullish Chart. Last week wee have seen a breakout attempt. The breakoutmove was ~ 10%, but the retest ot the BO-Niveau wasn`t bought again..that`s weak. So in consequence the stack fell back below 22€. At present we are trading near the uptrendline which is based near the 61,8- the max fibo. Will htat Level be bought, i exspect a cyclical buying wave upt to 22/24/26€ Trading below 19,9 means aiming 18€ (trendbreak). The RSI has place to fall further, so a further downwave should be exspected before the trend can be played again.
XETR:ST5Long
by The_Cannalyst
Updated Oct 26, 2017
33

Select market data provided by ICE Data services. Select reference data provided by FactSet. Copyright © 2025 FactSet Research Systems Inc.© 2025 TradingView, Inc.

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