The Bulls defend EMA 50 level

٢٨ يونيو ٢٠١٧

As you can see on the chart, the bulls have pushed price above EMA 50 line. The volume on those two candles is very high, which is good indicator of coming correction of this downward move.
I'm expecting this correction to hit fibonacci retracement level between 76,4% and 85,4%, than the further downward move with new lows.