ACC was freed yesterday in large volumes (related to banks) from the oblique ascending in place for nearly a month. Two scenarios are under consideration:
1) This oblique now plays the role of support: the pull-back is complete and the ACC again towards 4175, short-term objective (fibo extension ) .
2) the slant is more relevant and ACC continued its pull-back on the rack 4120, purchase level reinforced by gap continuation.
CONCLUSION:
Two levels of purchase are available: 4145 or 4120 to aim 4175 and a continuation of the bullish momentum in the medium term to 4500.
-> Configuration ID entry suggests a lot about 4145.
-> Configuration daily banking, test their highs of 2010, suggests rather wait 4120.
ACC Current Position: neutral. Find a point of entry long.
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