The pattern seems very similar to Nov 19. See the below two charts:
I think we are heading for a short term dip to 7650s, possibly even 71250 and then follow up the fib support for a week or two before a huge breakout.
Long term bull market analysis. Looking at the fib at a weekly level. we can see strong historical support at 0.618.
We can also see the descending wedge with support from Dec 17, Aug 18 and Dec 19 and resistance from Jul 19.
Our weekly candle has just broken the descending wedge and bounced off the fib 0.618, the last time this happened was Mar 19, the start of...