ARTC Technical OverviewPosted on Sunday, April 2 2017 at 4:53 am GMT+0000
Testing the range’s upper boundaries.
Both long and medium term scenarios have been postponed for now, as the market continues to show strong negative momentum, and traders shall be waiting for reversal patterns in this descend before considering new positions in the share. Moving to the short term, traders shall monitor for a strong support confirmation above the 0.870 level before taking any new market entry decisions, where an immediate move above the 0.905 would act as an early warning to a shift towards Bullish momentum. At the other side, a drop below 0.870 could accelerate the declines towards the range’s lower boundaries at 0.840.