I think it will decline untill 14 feb. target is 33300 or 30300...
here is the end of this bullish cycle. now we will have a correction phase about 1 year and after that we are going to next cycle...
I am really excited of this perfect arrangement. I don’t know who designed this ( i think it is math and geometry 😍) but i love him❤️ We will have a correction of the sharp decline now, and then another decline just like whatever W.D.Gann said.
In the other hand if we have a bull trend, then wave 1 is completed, then wave 2, then wave 3, and now we are in wave 4. the a:4 is completed. if we see a reaction from here it means wave b:4 is completed. then we can go for short trade on wave c:4
We had wave A. and then completed by wave b exact on 1.618 now. if this price shows a resistance, we can sell short for a sharp decline. for a better trade we should see Gann rules...
Price touched the mid line and is ready for sell if the last Daily candle goes Bearish.
you can trade with this fibo and with this nice idea <3
It seems that it could be a Head & Shoulders Pattern .we can buy half lot size for now and if it breaks the neck line we can use another half lot size. SL is below of our pattern's head .