Synthesis
Pivot point : 10.30
Our preference : long position above 10.30 with targets at 11.40 & 11.85 in extension.
Alternative scenario : in the event of a break of 10.30, a continuation of the decline will be possible with 10.00 & 9.50 in sight.
Comment
A base of support at 10.30 formed and allowed temporary stabilization.
| Tendency | Calculated data | ||
|---|---|---|---|
| Technical advice | Positive | Course on 08/02 | 10.57 |
| Basic trend | Neutral | Pivot | 10.30 |
| Bracket 1 | 10.30 | Additional distance 1 | 0.83 |
| Bracket 2 | 10.00 | Additional distance 2 | 1.28 |
| Resistance 1 | 11.40 | Additional variation 1 | +7.85% |
| Resistance 2 | 11.85 | Additional variation 2 | +12.11% |
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