Here are my expectations for next week:
1. A pullback on the resistance to retest the Fib Lvl.1 support (1679.6 price)
2. In case we have a bigger GREEN volume than all the past ones, the market will break the resistance.
The market will most likely retest the support, so I'm expecting a BEARISH WEEK.
GOOD LUCK !
Possible pullback on the red support zone that meets the 0.236 Fib level. (64.42).
There is also an upper wick which can tell us that the bears outperformed the bulls.
The market is on a momentum zone, so let's watch it the next week and get ready for a buy (or sell?) position.
We can see clearly with the Fib extension that the BULLS are going to stop pushing, and time for the Bears to enter the market.
The Bulls won't go really higher to touch the 1,618 level, but there is a probability for them to break the 100% level before coming back short.