Price gapped down this morning and is testing our major support at 1,273.10 (Fibonacci retracement, Fibonacci extension, horizontal overlap support, bullish divergence) where we expect to see a bounce above this level to at least 1,295.28 resistance (Fibonacci extension, horizontal swing high support).Stochastic (34,5,3) has a long-term ascending support line holding RSI up. We are also seeing bullish divergence vs price signalling that a bounce is impending.
Buy above 1,273.10. Stop loss at 1,259.95. Take profit at 1,295.28.
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