Current View
The current structure suggests that even if the market opens with a gap-up, it may not sustain.
If the initial market declines and consolidates around the 78% Fibonacci level, then we can expect the correction to continue.
On the other hand, if the decline sees a solid pullback around 50%, then we can expect a minimum pullback of 38% to 61% in the minor swing.
Alternate View
Structurally, the probability of a rally continuation is low,
which means we won’t get a bullish signal unless the price breaks above the 56736)level.
If it does break, we can expect a rally, though some rejections may occur along the way.
The current structure suggests that even if the market opens with a gap-up, it may not sustain.
If the initial market declines and consolidates around the 78% Fibonacci level, then we can expect the correction to continue.
On the other hand, if the decline sees a solid pullback around 50%, then we can expect a minimum pullback of 38% to 61% in the minor swing.
Alternate View
Structurally, the probability of a rally continuation is low,
which means we won’t get a bullish signal unless the price breaks above the 56736)level.
If it does break, we can expect a rally, though some rejections may occur along the way.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.