previous targets 63.5 were reached, the bullflag stopping @ 1.61 fibonacci.
Now most probable fall is same as before @47.5 coinciding with the 50 &100 ema. But we could have a ping pong in trend range( blue lines) or inside the support/resistance 38-61 fib. If this support fails then 43.6 is the lowest level to watch for reversal.
The longer trend excluding a major crisis, looks bullish and the target is the same at 78-80 with a pause @65-68, for now we will be waiting for long term confirmation either with a strong rebound at the previous mentioned levels or breaking above the blue channel ~59.
Now most probable fall is same as before @47.5 coinciding with the 50 &100 ema. But we could have a ping pong in trend range( blue lines) or inside the support/resistance 38-61 fib. If this support fails then 43.6 is the lowest level to watch for reversal.
The longer trend excluding a major crisis, looks bullish and the target is the same at 78-80 with a pause @65-68, for now we will be waiting for long term confirmation either with a strong rebound at the previous mentioned levels or breaking above the blue channel ~59.
