The end.
Now we will see following moves.
1.We will Touch 2900 and retrace to the 2300 to confirm this level as a major support.
2.Trend change. We will touch 3300 and retrace to the 2900 to consolidate for a while.
3. We will go all way trough the several resistance levels (3800/4600)
4. The reaction after triggering 4600 will show us our next target. (More likely our next bullish target. I can consider that the next Major resistance after 4600 will be 6000)
This analysis look more like a prediction but the targets based on the confirmed resistance levels which will be faced in the future for sure.
Good luck!
1.We will Touch 2900 and retrace to the 2300 to confirm this level as a major support.
2.Trend change. We will touch 3300 and retrace to the 2900 to consolidate for a while.
3. We will go all way trough the several resistance levels (3800/4600)
4. The reaction after triggering 4600 will show us our next target. (More likely our next bullish target. I can consider that the next Major resistance after 4600 will be 6000)
This analysis look more like a prediction but the targets based on the confirmed resistance levels which will be faced in the future for sure.
Good luck!
Disclaimer
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.