due to last analysis and inability to break 1115 and falling afterwards in a red channel, we hit the bottom of bigger descending blue channel which is superior to red one, now we are waiting to break out from either sides.
i think after this correction it has to test the top of blue channel once again around 980~1000
and for that we need to see the price is respecting the blue channel and bouncing of the bottom once again before touching the red channels bottom. so maybe a double bottom?
*keep in mind that 1000, 945, 760 are important fibo levels.
i think after this correction it has to test the top of blue channel once again around 980~1000
and for that we need to see the price is respecting the blue channel and bouncing of the bottom once again before touching the red channels bottom. so maybe a double bottom?
*keep in mind that 1000, 945, 760 are important fibo levels.
