The Fibonacci extension from pandemic sell-off reached the key-level 1.61% .. With a high probability a correction should occur.
Target price can be as low as 3700 ; but for now we recommend to close our long positions and will open short when ever we see a red 1hr candle.
Oscillators already show divergence compared to price which is also an indication of probably trend reversal(short-term)
Target price can be as low as 3700 ; but for now we recommend to close our long positions and will open short when ever we see a red 1hr candle.
Oscillators already show divergence compared to price which is also an indication of probably trend reversal(short-term)