I believe this downward trend line is extremely significant, I would not consider a long position until it has broken it, and even then I would expect a retest if this structure.
I would target a profit in the region of 5850-6030 if it does break.
Should the TL hold firm I would expect a move to 4,000 fairly sharpish.
I would target a profit in the region of 5850-6030 if it does break.
Should the TL hold firm I would expect a move to 4,000 fairly sharpish.