Synthesis
Pivot point : 16.30
Our preference : short position below 16.30 with targets at 14.95 & 14.60 in extension.
Alternative scenario : above 16.30, aim for a continuation of the increase with 17.00 & 17.50 in sight.
Comment
The RSI is arguing for a new downward leg.
| Tendency | Calculated data | ||
|---|---|---|---|
| Technical advice | Neutral | Course on 08/02 | 15.21 |
| Basic trend | Bearish | Pivot | 16.30 |
| Bracket 1 | 14.95 | Additional distance 1 | – 0.26 |
| Bracket 2 | 14.60 | Additional distance 2 | – 0.61 |
| Resistance 1 | 16.30 | Additional variation 1 | -1.71% |
| Resistance 2 | 17.00 | Additional variation 2 | -4.01% |
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