Here I have 2 variants: blue and red ABC correction.
The September high at 15709.8 was broken.
Watch out for MA 100 because that should be the next TARGET.
Which variant will ultimately be confirmed depends on whether this and next week the price remains below 16095 (red) or rises above 16095 (blue).
In both cases, the MA 200 should be reached... on a daily basis.
- - - The red thick dashed line only symbolically indicates that after reaching MA 200 there may be a strong bullish movement, which, if the price closes above 16617, can ultimately lead to 17k until mid-February '22.
The September high at 15709.8 was broken.
Watch out for MA 100 because that should be the next TARGET.
Which variant will ultimately be confirmed depends on whether this and next week the price remains below 16095 (red) or rises above 16095 (blue).
In both cases, the MA 200 should be reached... on a daily basis.
- - - The red thick dashed line only symbolically indicates that after reaching MA 200 there may be a strong bullish movement, which, if the price closes above 16617, can ultimately lead to 17k until mid-February '22.