There is an important supporting zone about 1917 in Daily timeframe.
I guess that wave-Y is not completed yet.
If the price be supported by 1895-1898 zone, a tripple bottom pattern may form on the condition that the price closes upper than 1917 in dialy.
So if it closes less than 1917 in daily timeframe, then I'm expecting downtrend toward 1895-1898 zone at least.
If the price can breakout supporting zone about 1895 and have a weekly close less than that, then I expect 1861 or 1800
This analysis will fail if the 4H-resistance trend break and the price increases to 1944.
P.S: I'm not a native English speaker but tradingview is forcing me to write the caption in English. 😅
(I am talking Persian in the video obviously) 😂😂
I guess that wave-Y is not completed yet.
If the price be supported by 1895-1898 zone, a tripple bottom pattern may form on the condition that the price closes upper than 1917 in dialy.
So if it closes less than 1917 in daily timeframe, then I'm expecting downtrend toward 1895-1898 zone at least.
If the price can breakout supporting zone about 1895 and have a weekly close less than that, then I expect 1861 or 1800
This analysis will fail if the 4H-resistance trend break and the price increases to 1944.
P.S: I'm not a native English speaker but tradingview is forcing me to write the caption in English. 😅
(I am talking Persian in the video obviously) 😂😂