ADX Technical OverviewPosted on Monday, January 29 2018 at 5:42 am GMT+0000
Upwards trajectory in progress.
Long term trading scenarios are postponed at the time being since weekly charts are still reflecting a weak technical picture. While in the medium and short term, the market maintains a strong Bullish market structure and have potential to further extend in the near-future with a break above 3650 smoothing the path for further advancements. Short term traders should be getting ready to take advantage of such move to reinstate their longs and target 4680 and 4720 unless a drop below 4610 prohibit that trading scenario and lead for a steeper correction.