Hello
This analysis By using (VSA)
I think we have two scenarios:
the first:
Retest 6036.28 or 5654.36 and then return and Breakout 6898.53 and then rise in prices.
The second:
Retest 6036.28 or 5654.36 and then Breakout 5654.36 and then drop prices.
* Be careful, the second SOW is strong even though it has not been confirmed, and a weak market appeared after it.
Note
At 11 o'clock on March 25, we showed upthrust bar, which indicates the closeness of the second scenario.* If I had long position would be more careful.
Note
I think the issue of falling prices has become certain, as it becomes clear on April 2, 2020 at 19:00 and April 3, 2020 at 15:00 on 4 hours time frame- Please be careful
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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.