reached 2022 Q4 highest rate(sep 13 and dec 9) and bearish pattern is made. Price may reach 103-104 and further 108-109
the price reached pandemic time price, probably wont break pandemic price, long tp 96, sl 60
bears are active above 29200, if bulls break this level price may reach 30000 easily and even further to 32200. In case of bulls are unsuccessful, bears may bring the price to the neckline price 25250.
correction movement is expected around 28250 then goes to one side
the chart is drawing head and shoulders pattern, only if then it will be a good entrance from neckline price check
if the yellow drawing happens then the blue drawing is likely to happen, because there was a bigger trend line which is broken now and waiting for a check, and a few other reasons (if yellow and blue drawing happens then green one is likely to happen after correction movement)
risk entry from the lower limit of the channel to the upper limit, no leverage, sl below the lower limit
reason: reached upper trend line and importantly tall candle with low volume
it may reach the upper trend line, when the price breaks 41 suggested to lift SL to 41, tp 44
if the price breaks HL it may reach the support zone, otherwise we can make risk entry from lower trend line to upper trend line