Just speculation.
This chart seems to respect Gann Box, Gann Square, and Arcs as depicted.
If so, Gann 1 x 1 would exhibit a significant resistance at the 17400-17700 level.
If so, an Elliott wave theory's Bearish (expanded) flat could form.
Again, this is just speculation- for a more orthodox analysis, see my previous ideas linked below.
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.