After we got an impulse move downwards we are currently looking for a healthy retracement.
I am expecting a move towards the golden ratio at 17290 - 17540. We could go a little bit higher, but the possibility is low for me.
I am going short at the red box all the way to november lows.
If we don´t break the low at 15500 we could see a massive push upwards and then completed our big ABC. I am pinning this scenario in the comments.
Be careful when the price reaches there. Could also see a last massive push down to 12000 - 14000k
The 1.618 is at 13900k
Trade safe out there!
I am expecting a move towards the golden ratio at 17290 - 17540. We could go a little bit higher, but the possibility is low for me.
I am going short at the red box all the way to november lows.
If we don´t break the low at 15500 we could see a massive push upwards and then completed our big ABC. I am pinning this scenario in the comments.
Be careful when the price reaches there. Could also see a last massive push down to 12000 - 14000k
The 1.618 is at 13900k
Trade safe out there!