Still neutral but close to critical bearish level
It really must hold 43,15, or else it will collapse to/below 40 again.
Technically I do not see any signals yet, which could be encouraging for Bulls, unless that all bad news are out, and Price still did not make a lower low below 43,50.
I still do not recommend bottom fishing, as HFTs can easily try some push towards 43 and a stop hunting to shake out positions from weak hands. Swing buy signal needs Heikin Ashi confirmation: minimum a candle with upper and lower wicks. I think the safer level to enter swing longs today or tomorrow would be only ard 44,40+ with a stop buy order. For now Heikin Ashi is still bearish.
Be patient! ... I know that's the hardest part of trading and investing :-)
Technically I do not see any signals yet, which could be encouraging for Bulls, unless that all bad news are out, and Price still did not make a lower low below 43,50.
I still do not recommend bottom fishing, as HFTs can easily try some push towards 43 and a stop hunting to shake out positions from weak hands. Swing buy signal needs Heikin Ashi confirmation: minimum a candle with upper and lower wicks. I think the safer level to enter swing longs today or tomorrow would be only ard 44,40+ with a stop buy order. For now Heikin Ashi is still bearish.
Be patient! ... I know that's the hardest part of trading and investing :-)
