mkoztas

mkoztas

As it was earlier predicted to downward side on M2KM21 chart, it is almost completed. Now the next movement depends on whether daily chart H&S formation will work or not. If daily chart H&S works then price will be pulled down to level below 2000 if not 2100-2150 range is a good buying opportunity imo.

mkoztas

If we reclaim over 54200+ then next resistance will be at 59000. If we cannot hold above 54200 then new low would be at 50600 and the final support at the range between 44000-45000. As I mentioned, if we can close daily candle over 59000 in the next few days then can stay there another day, then we can talk about next upper movement.

mkoztas

Update: reverse c&h formation spotted and/or h&s formation to be completed soon. SELL 2239-2245 SHORT TP1:2224 TP2:2210: TP3:2192 TP4: 2180.

mkoztas

Foreseen dip is around 2221s imo. Midrange is at 2230s. If we reclaim above 2230s it will go test upper range at 2250s