Watch out for 12049.4 tomorrow.
At this level I expect resistance which, if not broken to the upside, will initiate falling prices from next week, with targets of 10690-10472.6 (as indicated by the dashed path).
February >> red dashed path.
March >> blue dashed path.
From the second half of March I'm seeing a strong bullish bias expected to reach 12960.4 and higher 50% Fibonacci @13602... and 13651.7 inclusive.
A weekly close below 10434.6 would result in slightly lower prices (bear trap), however price should reverse in Q2 and meet all targets above.
At this level I expect resistance which, if not broken to the upside, will initiate falling prices from next week, with targets of 10690-10472.6 (as indicated by the dashed path).
February >> red dashed path.
March >> blue dashed path.
From the second half of March I'm seeing a strong bullish bias expected to reach 12960.4 and higher 50% Fibonacci @13602... and 13651.7 inclusive.
A weekly close below 10434.6 would result in slightly lower prices (bear trap), however price should reverse in Q2 and meet all targets above.
Comment:
Comment:
It would be better if next week rises a little above this week's high and then turns around.
The decisive factor is whether the course 12221 passes without problems or whether this price mark proves to be a resistance.
It will be clearer next week.