I think this picture gives an update on the previous analysis, I try to use TA to see what can possibly happens. There are a few situations
1 It can rebound back to the 786 fibo levels around 17000 before completing the right shoulder and hence the bearish flag to 11,000/8,500/5,500 areas
2 It will consolidate to form a Triangle resting around 11,500-15,000 area
3 It win the 17,000 786 fibo level and we are heading for 22,000
What do you think? Please feel free to leave a comment, happy holidays.
1 It can rebound back to the 786 fibo levels around 17000 before completing the right shoulder and hence the bearish flag to 11,000/8,500/5,500 areas
2 It will consolidate to form a Triangle resting around 11,500-15,000 area
3 It win the 17,000 786 fibo level and we are heading for 22,000
What do you think? Please feel free to leave a comment, happy holidays.
Trade active:
suddenly 5,500 seems possible, however theres support aat 8500, if it breaks 5,500 is around the corner
Comment:
theres some divergence in small time framem like 1H and 4H
Comment:
however until the down trend line is broken, this trade still active to 5,500
