TASI Technical Overview
Posted on Tuesday, May 9 2017 at 4:27 am GMT+0000Bearish reversal.
Primary trending characteristics continues to be weak; therefore a confirmation of a support is needed before validating the next weekly buying signal. At the other hand, Bearish pressure below the 6880 level, confirmed the intension of the market to continue to lower levels, and is warning for a retest of the 6700 barrier. Therefore, with Bearish scenarios continuing to develop, both medium and short term traders are advised to stay out of the market, and patiently wait for Bullish reversal patterns before making any new market entry decisions.
| TASI-EN 2017-05-09 |
