Based on current structure i think we will see another test of the horizontal support at 10k.
In case of 10k breaks we will most likely be seeing another wave down to the 9k area.
The theoretical move down to 9k puts us near the apex of the triangle, given the momentum there is a likelyhood that a continuation downward is possible.
My guess is that we will move upward after touching 100-MA on 1D but at this point it's only speculation.
Right now i see about a 2% drop which is the trade key focus.
In case of 10k breaks we will most likely be seeing another wave down to the 9k area.
The theoretical move down to 9k puts us near the apex of the triangle, given the momentum there is a likelyhood that a continuation downward is possible.
My guess is that we will move upward after touching 100-MA on 1D but at this point it's only speculation.
Right now i see about a 2% drop which is the trade key focus.
Note
For clarity, see lower timeframe belowTrade closed manually
Zzz Early tp. This might be bouncing off the trendlineNote
Lol
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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.