The global market indicates a negative start. Market nature is bearish. the market may open a big gap-down, so if the market breaks the 38% fib level, it will reach a 50 to 61% correction. On the other hand, don't take a long position until a rejection structure forms. If the market rejects around the key zones, we will expect min 23 to 38% pullback.
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.