We have a 5-0 pattern followed by a bearish AB=CD structure, close to 50% retracement.
Prices are currently testing the D point.
If it breaks upward, it will quickly rally up to 88.6% (13400)
If AB=CD effectively rejects, then it will fall like a rock.
Prices are currently testing the D point.
If it breaks upward, it will quickly rally up to 88.6% (13400)
If AB=CD effectively rejects, then it will fall like a rock.