david71119
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since Jan 8, 2017
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When you see that kind of pattern where a big candle hits a support zone and multiple candles test it without success, it's wise go against it. MACD has started turning. There's a good possibility that the market will go beyong the 49,50~ price, you'd have to determine how strong the market is at that point.
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The support zone (yellow) was tested and retested, and the MACD has started to increase. There has been a trend for a long while, so I wouldn't expect this to go much beyond the 2391 level (it will be slow to go beyond those levels), but it will almost surely retest that upper bound. I like my SLs on the looser side. You can wait 1 hour if you want to play it...
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