ADX Technical Overview
Posted on Wednesday, March 8 2017 at 5:44 am GMT+0000Probable short term Bullish scenario.
Although the long term outlook remains Bullish, indicators are pointed towards weakness in the uptrend; therefore, long term traders shall be cautious and wait to see whether the Bulls are strong enough to start a new attempt to cross the 4720 level. Moving to the short term, the formation of an intraday bottom above the 4550 key level, has signaled towards possible scenarios with a further break above the 4610 acting as a prompt towards forthcoming advances targeting 4640 and 4680 area.
| ADX-EN 2017-03-08 |
