In the passing bullish week, the price has finally managed to reach the Semiannual target of the 2016 First half bullish Pinbar on sloping 8 EMA, at 2430 (the exact spot is 2437).The Monthly bar of May was closed finally as a bullish Pinbar on sloping 8 EMA as well, and already triggered by the thrust up of last Thursday.
The next major target is the Yearly Spring target at 2460. The market has already entered a Weekly bullish setup, a Follow through model which happens to be also a Weekly bullish Pinbar on sloping 8 EMA, target at 2460 as well. The Monthly bar of last April had been also a bullish Pinbar on sloping 8 EMA, and has the same target (!) approximately.
Above that there are targets for the last May Monthly bullish Pinbar on sloping 8 EMA, at 2490 and the last Quarterly bar of 2016, being a bullish Pinbar on the sloping 8 EMA having target at 2520.
The next major target above – is currently quite far, the Yearly bullish Pinbar on sloping 8 EMA, pointing at 2740 as the level of target.
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