TASI Technical Overview
Posted on Sunday, August 13 2017 at 5:10 am GMT+0000Bearish mode.
The medium term having returned to Bearish, the recent break below 7160 has significantly weakened the technical picture and postponed any further Bullish scenarios for the time being. And although the short term has gained some momentum lately it remains under Bearish pressure as reflected by the sequence of lower peaks lower troughs on the hourly chart. Therefore, no medium and term positions are advised at the time being and traders shall patiently wait for clear Bullish reversal signs before considering the accumulation of new long positions.
| TASI-EN 2017-08-13 |
