In prefer going North...
Reasons:
* Pitchfork North-Channel... and we are currently at the right side of it. IMHO perfect entry point as you can use very tight stop loss...
* The retracement from 207.7 was a necessary 50% retracement after the fast move up today
* 1 hour GAN HILO should support us
* 15 min candles with long shadows
* DJ is working on a reversal on 5min chart - could give us the initial push we need... let's see, whether it succeeds... maximum DJ is allowed to go down is a retest of 12.100 in my opinion... afterwards it has to bounce to make the 208.2 scenario happen...
What makes me a little bit nervous is the kind of double top... and the price action at the moment... Lets see what happens...
Any hints ?
Reasons:
* Pitchfork North-Channel... and we are currently at the right side of it. IMHO perfect entry point as you can use very tight stop loss...
* The retracement from 207.7 was a necessary 50% retracement after the fast move up today
* 1 hour GAN HILO should support us
* 15 min candles with long shadows
* DJ is working on a reversal on 5min chart - could give us the initial push we need... let's see, whether it succeeds... maximum DJ is allowed to go down is a retest of 12.100 in my opinion... afterwards it has to bounce to make the 208.2 scenario happen...
What makes me a little bit nervous is the kind of double top... and the price action at the moment... Lets see what happens...
Any hints ?
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