DECISIVE POINT ABC correction or ABCDE bullflag.
Updated
We are at the most important point of the last weeks. If the support hold we should see the beginning of the wave D which will be a bullish signal. If the support doesn't all, we gonna reach 8500 area or worst.
For the first time daily MACD could sent a bearish signal
RSI is shortly oversold.
People should wait a little before take any position.
For the first time daily MACD could sent a bearish signal
RSI is shortly oversold.
People should wait a little before take any position.
Note
Maybe the bottom is in for today... but the ascending support on 4 hours charts is broke, and on 1h chart our crucial support have been hurt strongly... We should see a little recovery from here .. but i think a massive correction is now possible in the comings days/weeks. Feel free to post your minds :)
Trade closed: target reached
ABC progression in progress.
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