We are sitting right at the 0.382 fib level, which acts as resistance. We see the same pattern forming as last week. If bulls manage to break to the top, we actually face next resistance at around 9500 which correlates with the 0.5 fib level. If we break to the downside, we should see retest of 8600 and 50EMA on the 4h chart. Let's wait for confirmation and go short/long depending on the outcome. I will use 10x leverage on this one.
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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.