3950 could be right there!
-Given the current events, the most sensible thing is for prices to seek the region of 3950. This region is the region of the long average (white line). Apparently we won't have a double top, and that's good, because my theory says that: "where the double top, there will be a test on the previous bottom".
-The daily chart is on the verge of forming a nice bearish pivot that points to the aforementioned region. Will the bears give that basic paw to drive the price into the ropes, or rather into the long average?
-On the hourly chart the long average is in the FIBO region of 1.618. My!
--From the weekly chart we have: If prices don't break the region of 4153, the test at 3950 will be inevitable!
-Do your analysis and good business.
-Be Aware, If You Buy, Use Stop Loss!
-See below for other reviews!
-The daily chart is on the verge of forming a nice bearish pivot that points to the aforementioned region. Will the bears give that basic paw to drive the price into the ropes, or rather into the long average?
-On the hourly chart the long average is in the FIBO region of 1.618. My!
--From the weekly chart we have: If prices don't break the region of 4153, the test at 3950 will be inevitable!
-Do your analysis and good business.
-Be Aware, If You Buy, Use Stop Loss!
-See below for other reviews!
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