On 22nd of June I made a forecast that the chart could reach the level of 9500 but it went further and reached the level of 9700. OK,
at least the chart returned to the downward channel, so we can call it a "bull trap". I moved Fibonacci Retracement closer to the current candles and saw that the chart reached 0.236 of Fibonacci. In theory, after reaching the level of 0.236 there is a possibility to make a radical move to the level of 1.618 (8200). Let's see what will happen. I think the chart will continue the downward movement.
This post is only for educational proposes and does not provide financial advice.
at least the chart returned to the downward channel, so we can call it a "bull trap". I moved Fibonacci Retracement closer to the current candles and saw that the chart reached 0.236 of Fibonacci. In theory, after reaching the level of 0.236 there is a possibility to make a radical move to the level of 1.618 (8200). Let's see what will happen. I think the chart will continue the downward movement.
This post is only for educational proposes and does not provide financial advice.