DSI Technical OverviewPosted on Wednesday, October 26 2016 at 4:33 am GMT+0000
Last decline halted.
Both Long and medium term positions continue to remain neutral, traders shall monitor for any signs of reversal bringing about renewed bullish scenarios. 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 both medium and short term traders shall be cautious in considering new market entries. Only an immediate break above the 0.505 will turn the medium term picture to positive signaling forthcoming higher moves towards the 0.530 and 0.575, and at the same time offering short term traders with new long entry chances.