Fib retracement(0.618) Key Area (Bearish Cycle)
As we were optimistic on last Friday reversal from $2040-$2042 area that's now at moment 0.618 Fib retracement point as critical point. However ,bullish cycle are aggressive without any indication due to the global political conflicts.$2020-$2042 is the area of consolidation our forecast towards short on medium term till 1982.movever, if $2042 breaks then bullish cycle will be activated properly.
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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.