I think this picture gives an update on the previous analysis, I try to use TA to see what can possibly happens. There are a few situations
1 It can rebound back to the 786 fibo levels around 17000 before completing the right shoulder and hence the bearish flag to 11,000/8,500/5,500 areas
2 It will consolidate to form a Triangle resting around 11,500-15,000 area
3 It win the 17,000 786 fibo level and we are heading for 22,000
What do you think? Please feel free to leave a comment, happy holidays.
1 It can rebound back to the 786 fibo levels around 17000 before completing the right shoulder and hence the bearish flag to 11,000/8,500/5,500 areas
2 It will consolidate to form a Triangle resting around 11,500-15,000 area
3 It win the 17,000 786 fibo level and we are heading for 22,000
What do you think? Please feel free to leave a comment, happy holidays.
Trade active
suddenly 5,500 seems possible, however theres support aat 8500, if it breaks 5,500 is around the cornerNote
theres some divergence in small time framem like 1H and 4HNote
however until the down trend line is broken, this trade still active to 5,500
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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.