We need to break the Monthly open which is also the 0.5 FIB so we can fill the CME gaps at 11.4-11.6K and failure to do so we will see sub 8k which makes it the decision point 1. Unless we Break 12k i still feel we will see sub 9k as we will be making a lower high and thus leading to the "actual" correction. We have been making lower high's and lower low's since the high on 26th June. I expect us getting rejected at 12k hard to push it down to fill the Gaps at 8.5k before the continuation.
PP
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PP
Disclaimer
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.