Here's a repeating pattern: We produce higher lows, bounce back to around 0.382 fib after a huge dump and then go for the next push down. Right now, there's no indication that it's different this time.
Short entry levels to watch: 8300 - 8400
Target level: 5000 - 5200
Not financial advice, do your own research.
Short entry levels to watch: 8300 - 8400
Target level: 5000 - 5200
Not financial advice, do your own research.
Comment:
Considering how strong the bearish pressure is right now, it's possible that we might not even go back up to 8200 if we break down support at 7700.