- Falling wedge expected invalidate once it's fall bellow 8200
- Downtrend line 3 and uptrend line 1 is considered for short term as it's could easily adjusted according to price action movement.
- Downtrend 1 (from highest peak 2017) downtrend 2 (from june 2019 peak) and downtrend 3 (from july 2019) break each downtrendline is a good sign for bulls.
- Up trend line 1 (june 2019 is whether could bounce above it from it or rejected from it), up trend line 2 (since september 2015) and uptrend line 3 from march 2017) is expected to be a good support. while broke each of it could be a devastating for bullish trend .
- Green Fibonacci retracement is drawn since ATH & ATH 2011 and orange fibonacci drawn from 2017 ATH to ATL 2018 .Support and resistance for long period of time.
peace.
- Downtrend line 3 and uptrend line 1 is considered for short term as it's could easily adjusted according to price action movement.
- Downtrend 1 (from highest peak 2017) downtrend 2 (from june 2019 peak) and downtrend 3 (from july 2019) break each downtrendline is a good sign for bulls.
- Up trend line 1 (june 2019 is whether could bounce above it from it or rejected from it), up trend line 2 (since september 2015) and uptrend line 3 from march 2017) is expected to be a good support. while broke each of it could be a devastating for bullish trend .
- Green Fibonacci retracement is drawn since ATH & ATH 2011 and orange fibonacci drawn from 2017 ATH to ATL 2018 .Support and resistance for long period of time.
peace.
