*NOT FINANCIAL ADVICE: DYOR - This idea IMO for personal use only*
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An update from my last chart dated 26th May:
Have updated chart with:
🔸fibonacci confluence zones,
🔸added 21 EMA, *note we had a few close under this EMA on the daily
🔸added Golden and Death cross indicators
🔸added the ADX / DI...
Brief analysis
I see a sharp bounce from 9222. This low was just shy of the Gartley PRZ near 8700. It has been approaching a possible reaction zone near 13000 and strong resistance near 14000. Price action there will reveal the future course of action.
We have strong support at 8700. The traders should turn bearish only below 8700 because then there will be a...
