DSI Technical OverviewPosted on Sunday, January 7 2018 at 7:29 am GMT+0000
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 leads 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 for shorter term traders who decided to join the rally and repositioned at 2.27, are advised to trail their positions towards their entries and patiently wait for their second targets at 2.45.