DSI Technical OverviewPosted on Sunday, December 17 2017 at 6:55 am GMT+0000
Witnessing major improvements.
A new direction is being modeled in the long term trend of DSI. The completion of a Bullish reversal above the previous weekly top of 2.13 lead the way for a new stage. That move restored the medium term uptrend that had been deactivated after the sharp drop at the end of October, and is suggesting further advancements towards higher areas. Long term traders who had been out of the market for a long time, were now represented the opportunity to enter. Those will aim to target the 2.44 and 2.92 areas. While short term traders who repositioned at 2.16 had their initial targets of 2.23 reached should trail their positions to the entry level in anticipation of a possible downside correction.