Hello guys,
Look at the daily chart, you can see daily bar turned back at fib 0,786.But is it the final target for now? My opinion is no.I think there will be another dip level.And RSI is still above 30.The next lower low will be around 6800.This is also main support line touch point.
And look at this.Very similar moves.
This is last big fall chart.(11700 - 6400)
Number 1: Look at the circle.This point is intersection of MA50 ,MA 200 and EMA 144.
Number 2 : Bull trap.
Number 3:Big money in the house.Very high volume.
Now , we have this chart;
Looks very similar to the above chart.Same fall after the intersection and same bull trap above MA50.Now we need last one big fall around 6800.After that we have to see big volume for reversal trend.
Like this;
NOTE: IT IS NOT A FINANCIAL ADVICE.I AM NOT RESPONSIBLE FOR YOUR LOST.PLEASE DO YOUR OWN RESEARCH.IT IS ONLY MY OPINION.