Reasons/Traits : • Today gave a break out from two day inside bars with a big green bar with very good volume • Above 13 and 50 EMA • Price touched 0.618 retracements levels • RSI increasing • Bearish Crab harmonic pattern formation is in place
What can happen next : Scenario 1 : Price sustaining above 850/853 levels can take it to 865/870/915/940 levels Scenario 2 : Price break down below 834 can take it down to 812/800/775/750 levels
Disclaimer : This analysis is only for educational purpose and not be considered as any trading idea/tip. Please consult your financial advisor before you take any trade and we are no way responsible for your profits/losses. Thank you!