Red path :
and when market create lower high near one support that means that market is getting ready to break support and created lower low too.
so 1400 can easily break and we would expect 1300 for our first target of falling scenario .
Green path :
But we should consider this that if this local resistance and : price go above 1550 and retest complete then we can expect bull market and target would be 1700 at least
here is previous analysis that first target reach and still wait for second target and this analysis is update of that:
<<Traders comment below and let me know your thinking about this analysis even simple ((agree)),((not sure))>>
this time share your idea about it and lets discuss about it (my opinion is Red path (70% sure ) for now but we can expect some more bull candle before falling ,Green path as you can see )
pervious analysis linked below enjoy
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Its really hard to find the most probable direction at this area, especially seeing that there are fundamental factors which can come into play at anytime and catch us off guard. I think we are in no mans land, from a trading perspective.
This is what Im seeing on the 1D though. Bearish in nature, but we are above a strong support + ~23% Fib and almost piercing a BB @ 2.5 STD.
lets see what will happen
Could be in the next 2 weeks or somewhere in the next 3 to 6 months... We need to monitor the market closely, at this point...
when it would happen is still remain bro