level of reverse movement not far
Today we have a deep correction, began after two attempts to punch 12,000.
The price broke the 9500 - and we received a pattern of two tops, according to the price can drop to 7500 (9500-2000).
On the way down on 7850 (0.786 Fibonacci) there is a level of support,
RSI and stochastics are in the owersold area, so it is more likely to stop and reverse the movement at 7850 (before 7500).
The price broke the 9500 - and we received a pattern of two tops, according to the price can drop to 7500 (9500-2000).
On the way down on 7850 (0.786 Fibonacci) there is a level of support,
RSI and stochastics are in the owersold area, so it is more likely to stop and reverse the movement at 7850 (before 7500).
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