**"At the price level of 2606.06, there is significant liquidity, which could trigger a price surge, leading to a break above the key resistance at 2626.26. Once this resistance is broken and confirmed, the price is expected to reach higher levels, symbolically referred to as the 'Lucifer level,' followed by a major pullback to the upward trend. However, this movement is not indicative of a large price drop. Afterward, the price is likely to retrace to 2588.888 to accumulate further liquidity, setting the stage for a potential breakout to new highs."**




**"Further explanations are provided in the chart. This analysis was done using my magical indicator, Moris the Wizard, but it might fool everyone. So, the most important thing is to rely on your own knowledge. Wishing you profitable trades!"**
Trend Analysis

Disclaimer