(Click on the chart to enlarge it)Two weeks ago (July 07th to be precise...) prices broke down a lower trendline of this major Symmetrical Triangle, favouring a significant new Bearish Trend.
Then 10 days ago prices started a pullback to the lower trendlilne of this same Symmetrical Triangle, favouring even more the bears.
But last week this supposed new Bearish move should had been resumed, which didn´t happen. Prices decided to retest this same lower trendline of this symmetrical triangle.
We clearly see an Ascending Triangle on dailies.
Now I´m in doubt if last week´s move was an actual retest to this Lower Trendline, thus favouring the bears, or if all these Bearish patterns have failed and a new Bullish Trend will resume.
Apparently prices are Bullish so my strategy will be to go LONG at supports: 134.50, 134.20 and 133.86. If prices close below 133.86 then Bears are in control.
