Movement 12345 occurred to the top, now ABC correction is likely.
Trend changes direction as the price has risen so high. Therefore, the correction will be expected to a limited depth of up to 7000 area.
Trend changes direction as the price has risen so high. Therefore, the correction will be expected to a limited depth of up to 7000 area.
Note
if there is a correction, the movement will continue to go up.Note
Price may drop to 8500 support area.Note
Targeting to 8400. I'm afraid a next target (after some bounce) can be 7500.
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.
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.