The market is moving in a upward wedge and it faces the choice where to go next.
The Three Drives Pattern will complete at 784 level and the 1.618EXT of previous drop is at 780 level.
Meanwhile the upward trendline also works at this zone.
So it may be good to sell short at 780-784 levels when price action gives signals at the PRZ.
SL:above 790
TP1:760
TP2:730 and further more
Will this 3drives pattern work,just wait and see.
The Three Drives Pattern will complete at 784 level and the 1.618EXT of previous drop is at 780 level.
Meanwhile the upward trendline also works at this zone.
So it may be good to sell short at 780-784 levels when price action gives signals at the PRZ.
SL:above 790
TP1:760
TP2:730 and further more
Will this 3drives pattern work,just wait and see.