Currently in a distribution phase...in a transition from phase b to c expecting a possible fake out before the fall to 8300.........a possible fall to 7800 still possible thou.....
Re accumulation phase completed.....a likely bull run above the previous high is possible because we are currently in the last phase of supply according to the schematics
Price Tested the the trend line on weekly and bounce off rapidly and on retracement liquidity was built above the current price level hence a likely bull move
After the retracment of the long bull move last week liquidity was build around the 900+level so as for retail trader to place their stops and th market as failed to piece the current zone hence a good chance to long
