Correction of the daily long trend is valid from 10 June, so I'm in short mode. The last impulse move to the upside was quite steep, so a deep correction is possible, and FIBO 50/61.8 levels could be tested (marked with gray - correction zone / FIBO 38.2 already done).
Target Zone 1 was calculated by the correction of the correction on H4 and its FIBO 161.8 points to a daily support level, therefore, likely to be a great target.
The prevailing long trend remains until price SIGNIFICANTLY closes below the starting point of the last impulse (close of 14 May). For me it resumes with a SIGNIFICANT close above 12 565.1
Target Zone 1 was calculated by the correction of the correction on H4 and its FIBO 161.8 points to a daily support level, therefore, likely to be a great target.
The prevailing long trend remains until price SIGNIFICANTLY closes below the starting point of the last impulse (close of 14 May). For me it resumes with a SIGNIFICANT close above 12 565.1
تعليق:
The idea had a flaw. The H4 technical zone wasn't broken SIGNIFICANTLY. The candle that broke below had a very small body, so I shouldn't have gone short. The problem is with the mind. One should be totally independent in the analysis considering the direction. Only an open mind can see the chart clearly!
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