We are not going to hit 4300+ now, there is bearish divergence and harmonic pattern that have "played" out. Next target is 0.618 fibo level 3780.
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"A" correction elliot is on the way.
Trade active
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1h flag target is to test 3900. Pretty sure we will bounce from that. Closing 1W lower than 4000 is a good sign for bears.
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depend on will we break 4300 with bullish flag or not it will tell us what trend we will have.
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as you see we got high volume when breaking bearish flag in a reversal way. This is sign that i could be very very wrong and target is 4500 at least. Not a great start.
If you will see beyond indicators you will see that some whale is actually manipulating this pattern :) It is not what market demands.
n0rt
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@MiloszKaszynski, we have 12h bearish flag that haven't played for now and target is ~3780. We have 4 hours to close 1W candle which is now around 0.786 fibo (a lil bit lower). And if it will close lower that 0.786 - first target is 3780. We will see how it will be.
gazur
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@n0rt, you got basically the same as me. ill take your analisis as confirmation of mine.