hello everyone, as we expected the price to grow upwards in the previous analysis, the same thing happened, and now we have two scenarios ahead of us. 1. The first is that the price will be reached 2370 to 2380 and return to the lower areas of 2228 to 2199. 2. The second is that the price will experience a drop after reaching the prices of 2417 and 2432...
According to the analysis we had last week, the price was returned from the range of 2350-2354. As we know, we have very important news next week, and our analysis may be wrong, but what I see is that the price will probably decrease in the next week. By the end of the week, it will reach the 2263-2267 area to complete the structure in the upper time frame.
After a dip drop in the price touching the number 2292 and breaking the current downward structure in the lower time and pullback to this area, we will expect the price to grow to the area of 2354-2359 until the structure in the high time is completed and the price will fall again.
price action analysis 1-price movement break out the support zone 2- retest the support 3-breakout the bullish trend line
because of the breakout of the dynamical trend line and support zone retest and rejection from that, its good opportunity for taking sell position