DIC Technical OverviewPosted on Sunday, March 4 2018 at 6:12 am GMT+0000
Under increased pressure.
The formation of a new weekly top below 2.66 has placed the long term Bullish structure under threat. And the recent drop below the previous weekly bottom at 2.28 signaled a weekly reversal that will likely lead for further Bearish implications. The strength of that Bearish wave is also manifested by the strong Bearish short term bias which, despite the recent bounce, is continuing to remain inside the aggressive descending intraday channel. Given the recent notable Bearish developments all trading scenarios should remain postponed.