ADX Technical OverviewPosted on Wednesday, February 22 2017 at 5:32 am GMT+0000
Testing support pivot.
The recent long term rally was halted slightly above the previous weekly top at 4715, hence long term traders shall be cautious and wait to see whether the Bulls are strong enough to start a new attempt to cross that level. Such breakout would restore the long term positive picture amplifying the case for further advances. While short term traders shall monitor for a stronger support above 4560, where only an immediate break above the 4610 will allow for short term positions.