expected price December 1st

20 בנוב׳ 2018

I mapped out fibonacci retracement lines and found that strong support at 5800 from back in November 2017. I assumed this was a critical support that if broken would lead to a sharp down fall. My previous expectations were met this summer June/July/August as I plotted key points in the previous months (April,may) with no real indication of a strong support which is what lead me to believe this 5800 support I had found was critical. Looking back I can see the critical support was actually 6200, although it is worth noting I am on the day chart. The next and most recent point I have decided plot at 4800 also appears to be slightly off but I expect a correction before December back to low-mid 5k's with rsi neither oversold or overbought, then in December when that support is breached again and rsi is off the scale again to the downside we will see a bounce with a consolidation and beginning of bull rush before the end of March.