Engulfing bullish bar yesterday, and the high of the pinbar was broken today, rendering the setup invalid. Looks like it could break the s/r area soon... we'll see.
Quick question about FIBS and trend: If Investec breaks the s/r area, which converges with 61.8 fib, what does this mean trend-wise? I mean, price has no more fib levels to retrace to; would this mean we could then consider the long-term trend is up? Or would we have to wait to break the 2007 highs before thinking uptrend?