A break up of resistance @ 8600 opens the way to the 9600...10000 high and signaling corrective pattern abc already completed (while price above 7500).
Note
Likely, we'll see a bounce from 8300 area. Pessimistic scenario - long in the 8000-7700 area.Note
If 7700 support holds, possible scenario:Note
Bears try to break down support @7700. To turn up trend need to bounce above 8100.
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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.