On 16 of June Bulls couldn't gain a foothold above the level of 9500.
Today we can see that candles started to form a triangle on a 30 minute chart.
The upward movement will help to reach the level of 9700 - 0.618 Fibonacci.
The downward movement will open the way to 9300 - 0.382 Fibonacci.
Considering the fact that again - a divergence on RSI (30m chart), so there is a high probability of a continuation of a downtrend.
This post is only for educational proposes and does not provide financial advice.
Today we can see that candles started to form a triangle on a 30 minute chart.
The upward movement will help to reach the level of 9700 - 0.618 Fibonacci.
The downward movement will open the way to 9300 - 0.382 Fibonacci.
Considering the fact that again - a divergence on RSI (30m chart), so there is a high probability of a continuation of a downtrend.
This post is only for educational proposes and does not provide financial advice.