A short signal has been issued on 180222 at 4388 on the weekly charts starting a pullback to the monthly pivot support at 3911.
The weekly pivot support 4388 has played key support since the uptrend on the weekly charts started on 010620. A break of 4388 will put the both the medium and short term trend down. The month pivot at 3911 will determine a greater correction in the longer term.
LONG TERM UPTREND since 011220
MEDIUM PULLBACK since 010620
SHORT DOWNTREND since 180122
PIVOT 4388
Short positions below 4388 for 3946 and 3495
Long positions above 4388 for 4566 and 4698
Comments