- After the V-shaped rebound on June 6th-7th, there was no further upward attack.
- Instead, there was a significant callback, with the lowest retracement at 0.618.
- Currently, a rebound is underway, but it is being blocked near 0.5.
- In terms of details, the bears are dominant, so it is judged that there may be new lows.
- There are currently two downward target positions: 25800 and 25600.
- Among them, the area near 25800 corresponds to the high point of the rebound during the bottoming stage on the evening of June 6th, and there may be resonance.
Note
Hit the target perfectly
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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.