I catch sight of these fractals in which I believe and I am expecting similiar movement according to the old one. There are a many indicators which show us the bearish signals like a bearish flag, we are close to crossing the MA... ..also MACD looks like a bearish momentum, RSI is over half, etc. Its time to move to the bears side and seize the opportunity.
SHORT TARGET : 6000-5800
I hope you like it ! ENJOY everyone!
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So we are heading to test the main DT logarithmic line. I am still expecting the same movement as on the chart with scenario 1. We can see a little curvature on the MACD which can signalize the bears starting to have an interest about this not so clear situation.
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I am waiting for this candlestick pattern confirmation to end this short term uptrend.
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I am keeping an eye on this area. MA 50/200 like a support lines. If we can break this then we shall see test 8780, whether it will be hold as well.
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We are heading to test 8780.
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bounce or downward at 8700 and maybe more.
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This market is strong so it could be a bounce from that, but it does not change thing that we need a bigger correction than that.