Like2Move

Like2Move Updated 

Confluence of fib 0.618...0.764 retrace zone and 1.618 of technical analysis tools.

Like2Move Updated 

Wave V in the wave 5 to be completed in the daily chart and some retrace expected.

Like2Move Updated 

Some retrace to the 9300 area expected. (Or even 8000)

Like2Move Updated 

(Or already ended). Depends on EW wave interpretation. Calculating as shown above, the main support will be at 6000 and 5000. If the full 12345 has already gone, as shown below, then strong support will be in the 7000 area.

Like2Move Updated 

It looks like a big ABC Elliott wave pattern has already been fully implemented. The price dropped to the level of fib 0.618 and support in the 8000 or 6500 areas expected.

Like2Move Updated 

Price overcome 11700 resistance and opened way to higher highs. Buy at pullbacks.

Like2Move Updated 

It's hard to move up - looks like not be able to reach 12,000 and turn the trend up. A drop to 10,200 is likely to have an extension to 9,000, 8,000 and may be lower.

Like2Move Updated 

Opportunity to buy at the fib 0.618 retrace in the 10500...10000 area. Targets are at 13000 and higher. There is some risk to drop below 9000 - the sign of this will be retrace down to 9800. Be careful.

Like2Move Updated 

Bounce from 11000 area up to 13000 may happen. Now. Strong support in the 10000 area expected.

Like2Move Updated 

A retrace to 14000 expected. Return and overcome of the resistance at 15000 opens way to higher highs. A drop below 13200 opens way to 10000.l

Like2Move Updated 

If price overcome 15200, after some retrace we'll see further rise up.

Like2Move Updated 

Targeting 15100 and 17000 in extension. Longs at dips.

Like2Move Updated 

Confluence of supports in the 12000 area: fib 0.764, pattern of correction abc (not shown), sliding line and previous support bottom.

Like2Move Updated 

Price found support at 11600 and step by step, wave after wave will rise up, until the bottom is at 11600.

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A succesful move up to 14400 opens way to higher high 16000.

Like2Move Updated 

Bears targeting to 14000?

Like2Move Updated 

Stronger support zone is at 15400 ... 15200

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Drop below 12700 opens way to 11000 area.