in this timeframe, we can see that wave 4 of wave V was a pullback on the 61.8% fibonacci retracement of previous wave C (for me it's a sign of continuation). furthermore, around 4740 points, there's a fibonacci cluster (100% & 161.8%) just perfect & certainly significative i think. moreover it seems that higher bollinger band (in strategic timeframe) will be near of this fibonacci cluster when (if...) price go till this target. hidden divergence & trend line on momentum indicators (short RSI & Stochastique) are confirming my point of view
PS / sorry for my poor english, i'm a french guy. I will try to improve it
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.