No financial advice - just my thoughts.
Left side:
1. First the one that I think is the one with lower probability at (1) - that would be the result of a diamond reversal (in purple).
2. Then we could have a bearish flag or rising broadening wedge (you could also see a inverted cup with flag handle) wich would imply a breakdown of 8200.
Right side:
Interesting potential fractal - the two red hills correlate and the orange areas would imply a break of 8200 too.
Bulls and Bears
Bulls obviously want to see a reversal - Bears should break down 8200 soon or bulls will get stronger. Probabilities are something like 60/40 for the bears in my eyes. I am bearish though a retest of 9000 or 9400 is absolutely possible.
Left side:
1. First the one that I think is the one with lower probability at (1) - that would be the result of a diamond reversal (in purple).
2. Then we could have a bearish flag or rising broadening wedge (you could also see a inverted cup with flag handle) wich would imply a breakdown of 8200.
Right side:
Interesting potential fractal - the two red hills correlate and the orange areas would imply a break of 8200 too.
Bulls and Bears
Bulls obviously want to see a reversal - Bears should break down 8200 soon or bulls will get stronger. Probabilities are something like 60/40 for the bears in my eyes. I am bearish though a retest of 9000 or 9400 is absolutely possible.
הערה
Target hit.
כתב ויתור
המידע והפרסומים אינם אמורים להיות, ואינם מהווים, עצות פיננסיות, השקעות, מסחר או סוגים אחרים של עצות או המלצות שסופקו או מאושרים על ידי TradingView. קרא עוד בתנאים וההגבלות.
כתב ויתור
המידע והפרסומים אינם אמורים להיות, ואינם מהווים, עצות פיננסיות, השקעות, מסחר או סוגים אחרים של עצות או המלצות שסופקו או מאושרים על ידי TradingView. קרא עוד בתנאים וההגבלות.