First support held. New Higher High ahead. Long.

3 Agu 2018

The 1D Channel Up (orange dotted parallel lines on RSI = 60.002, MACD = 15.140, Highs/Lows = 0.88036, B/BP = 28.2960) successfully tested its 1st potential rebound point at 2,791.75 as you can see on the first curve (blue). There is always a possibility to extend as low as 2,775 (2nd potential rebound point - second curve) and make a full Higher Low, but technically it has resumed the uptrend on 4H (Highs/Lows = 6.0357, ADX = 26.076) and should not look back. A new long has been added at 2,795 with TP = the 2,878.00 ATH, with the previous TP also intact = 2,854.75. An additional long will be added at 2,775 if needed.