This chart shows what I am expeting. I marked a key level (8250) which is very important for this market.
On this point we are going to measure the power of the bears and bulls and their show-down.
Firstly, if we want to get to this key level we will have to pass through 8600.
On this point we are going to measure the power of the bears and bulls and their show-down.
Firstly, if we want to get to this key level we will have to pass through 8600.
Note
Well, we chose a little bit different way around as was my brush sketch, but we are there and got the target finaly. When we can close below this short term target price 8850 then we will see most likely testing 8650 which is a very important keypoint for the next market move. Hovewer, it takes some time while we get there.Trade active
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.