Some retrace to the 9300 area expected. (Or even 8000)
Note
The drop of price to 9500 would confirm that 12345 has been completed and is likely to happen abc move.Note
Next: a move up to 11000 area expected.Note
Target 11000 reached. Now overcoming sliding line of resistance. Above 11200 move up or below 9500 move down expected.Note
Targeting to break up the resistance line.Note
Sliding resistance line broken. After the retrace from strong resistance in the 11800 area, bears tested support in the 9300 area. What's next? Above 10500 move up expected, below 9100 - drop to the 7800 area to be continued.
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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.