Most likely a multi-month topping process has begun. Standard mode is usually 2 drives up into important confluence of FIB extension on many different levels. Due to elections/liquidity effect, this could extend into a blow off to 6100. But needs confirmation above the standard levels
Note
Reached the green resistance level and reversed lower as expectedNote
So far so goodNote
Target reached pre-marketNote
Impatient bullsNote
Ideally 5725 in September Note
The battle below the Iron Dome continues
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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.