1.double top (flat correction) 2. price action (rejection) 3. on weekly time-frame there is a huge push up, now it needs to pull back to 61.8 fib which is aligned with the trend line.
Possible breakout on the Channel to the downside. Entry (SELL STOP) below minor low, SL above minor high, TP above Major Support
Midterm forecast: While the price is above the support 6000.00, resumption of uptrend is expected. We make sure when the resistance at 9774.80 breaks. If the support at 6000.00 is broken, the short-term forecast -resumption of uptrend- will be invalid. Technical analysis: While the RSI uptrend #1 is not broken, bullish wave in price would continue. Price is...