Confluence of fib 0.618...0.764 retrace zone and 1.618 of technical analysis tools.
Note
Temporary(?) bottom found at 8400. Likely, a bounce targeting to 10000.Note
Above 10000 targeting to 10700Note
One more move down, targeting to the 7700...7300 area.Note
A move down is close to the bottom or already bottom at 7650.Note
Elliott Waves technical analysis. A drop below 7000 mean bad news - opening way to attack 6000 support.Note
Likely, pattern 1-2-3-4-5 completed. The move above 8500 opens way to 10000 high.Note
Now need to break up 8650 to confirm the intention to continue rise up.
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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.