The rejection of the bullish breakout was a good bull trap. These rare events are making me beleive we could have a rare complex correction WXYXZ.
Am I a 100% sure of that? Of course not. We're seeing very unsual patterns and we should not go in with more than we afford to loose, especially now. Be careful with your tradings!
So what now? I recommend to wait for the bearish breakout. That way, the pattern has much more chances to play out. I beleive we will see something similar as we saw some days ago as shown in the chart.
Next target will at least be downwards trend line support if horizontal support breaks in my point of view.
I beleive we'll reach 26238.
Hope you liked it :)
Am I a 100% sure of that? Of course not. We're seeing very unsual patterns and we should not go in with more than we afford to loose, especially now. Be careful with your tradings!
So what now? I recommend to wait for the bearish breakout. That way, the pattern has much more chances to play out. I beleive we will see something similar as we saw some days ago as shown in the chart.
Next target will at least be downwards trend line support if horizontal support breaks in my point of view.
I beleive we'll reach 26238.
Hope you liked it :)