ADX Technical OverviewPosted on Monday, November 13 2017 at 5:44 am GMT+0000
The primary movement is presenting strong worrying signs. Those signs will materialize with an immediate drop below the current long term range’s lower-end of 4530. That breakout has become is some way certain after the recent break below previous key daily support at 4440 which reinforced the medium term Bearish bias. Below 4530, the long-term outlook will start to look bearish with scope to fall towards the 52-week-low of 4220. And therefore, no long positions are advised in the near-future.