30-Minute Chart - Big Picture
30-Minute Chart - Closed-up
(CLICK ON THE CHART TO ENLARGE IT)# On dailies we have the following picture: prices rallied down from 166.68 to 152.10 from Dec. 27th to Jan 22th (see yellow fibonacci lines at daily chart for this move). Then it retraced to 61,80% fibo on Feb. 27th to 161.15 price zone, resuming this bearish trend. But in order for this bearish trend to continue the bottom at 152.10 would have been broken, which didn´t happen. Instead we have a beautiful Double-Bottom at 151.70 price zone that pushed prices all the way up to 161.15 price zone again, now with a nice Double-Top on April 03rd and 04th. I believe we are going to see a new Bullish trend but not without a bearish correction at least to the bottom of this new Bullish Channel at the 30-minute chart (see blue lines). So my points are:
****************** TO TRADE THIS BEARISH CORRECTION
## SELL Break 159.60 with STOP 159.85 and LIMITS 159.25, 159.08 and 158.20 (aggressive Limit)
****************** TO TRADE THIS NEW BULLISH TREND
## BUY Failure 158.50 with STOP 158.25 and let the profit runs, adding lots at the break of each of these points: 159.25, 159.90, 160.70, 161.15 and 161.36.
