We also note a strong local barrier on the way of growth at 41.22-41.40. We expect reaching this zone followed by a downward reversal.
Intraday resistance 40.75 will be tested amid tangible overbought conditions, therefore the market might get a downward correction form this level as well. Target support is 39.83-40.00 (middle Bollinger band).
Main scenario: Growth to 40.75. then a downward pullback in direction 39.83-40.00.
Alternative scenario: Break above 40.75 and growth to 41.2241.40. Then a switch to downward correction.
Longs to 40.75 and 41.22-41.40.
Seeking local sell signals at 40.75, 41.22, 41.40.