Hi everyone !
Imho the bulls are taking profit from the strong recovery now that price reached the target of the V shape pattern, and it surely could be the beginning short term reversal. Red candle are quite big which mean there is some bearish momentum so that's confirming this hypothesis.
we should see price droping as deep as 1400 since it is 0.618(it never achieved that kind of pullback since the opening of this index, if actual datas are reliable), and it definitely could be a great opportunity to buy some Israelian stocks while price will fly to new ATH.
waiting impatiently for this!
Imho the bulls are taking profit from the strong recovery now that price reached the target of the V shape pattern, and it surely could be the beginning short term reversal. Red candle are quite big which mean there is some bearish momentum so that's confirming this hypothesis.
we should see price droping as deep as 1400 since it is 0.618(it never achieved that kind of pullback since the opening of this index, if actual datas are reliable), and it definitely could be a great opportunity to buy some Israelian stocks while price will fly to new ATH.
waiting impatiently for this!
הערה:
within lower TF we can see a possible last bullish setup before the correction (gartley pattern)
