BEL broke 38.2% Fibonacci Retracement level

So far BEL has bounced at 38.2% Fibonacci Retracement level we have drawn last time. Today it broke the resistance at 23.6% Fibonacci Retracement level. Will it continue to go up and hit the 5.52? We still have the threat from Kijun Sen line which is still moving horizontally plus if you notice we have an immediate resistance 5.36

Although it has a bullish bias as of this time, it is very important that the newly found support will hold or else the break is a failed one.

Caveat!

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