DSI Technical Overview
Posted on Monday, October 17 2016 at 4:49 am GMT+0000Corrective phase.
Both Long and medium term positions continue to remain neutral, with the downward trending direction dominating on both scales, traders shall monitor for any signs of reversal to bring about new market entry opportunities. Even though, prices rebounded in an aggressive manner after finding support at 0.443, the last rally still can be treated as a corrective phase of the larger downtrend, therefore traders shall be cautious in considering any new market entry. Only an immediate break above the 0.505 will turn the short term picture to positive signaling forthcoming higher moves towards the 0.530 and 0.575.
| dsi-en-2016-10-17 |
