I will drop a lot of pictures on this to make it easily understandable Firstly on the 3Months time frame we have an all-time high and a drop to 78.2% on Fibo which is 1054.33 then we started reversing slowly, I didn’t see it at first but then I saw it on the drop to 1364.5. A series of HH and HL has been created; the latest one was in 1597. which is at 61.8% Fibonacci from the previous High indicating a reversal that we are seeing
So I expect that low to take out the previous high at 2145 and then find a new higher high which will be at 2449 or high to 3028 there we will see what the market will do and then see.
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Daily time frame
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Will update you all later.
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