It looks we are in the middle of cycle. There will be selling opportunity in 3970 levels. But than we will fall lower :( This cycle lokks more dynamic than previous so i expect reaching lowest low before 16 ocrober, in this time frame i expect trend reversal, it will also fit with weekly RSI which will reset than.
Trade active
To get better overview we are in upper down channel of pichfork.Trade active
Be carefull on another bull trap:Trade active
And we are going to bottom local trend line. This is descending triangle so dobt be fool and do not go long!Note
Possible scenario:Trade active
Descending triangle and potential down channel created from this setup. First Major stop on 3550 level.Note
That was unexpected. Aparently we are heading to 4170Note
Too risky for me to play potential divergency on 4h. Waiting on drop down. SHORT.
Note
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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.