Realistic bearish targets
We got rejected on 50 EMA and on 0.382 Fibonacci retracement (about 9760) on daily.
The next realistic target on daily would be a test of 8500.
- 100 EMA currently stands there
- 0.5 Fib retracement (8500)
If these two lines won't hold, we will probably test 7200 levels.
- 200 EMA currently stands there
- 0.618 Fib retracement (7240)
The next realistic target on daily would be a test of 8500.
- 100 EMA currently stands there
- 0.5 Fib retracement (8500)
If these two lines won't hold, we will probably test 7200 levels.
- 200 EMA currently stands there
- 0.618 Fib retracement (7240)
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