Ok, the blue trendline that's been holding since March 13th is finally broken. We see it broke after smaller rising wedge has been formed. I expect the price to retreat all the way back to 3990, which is 38.2% fib retracement level from the move that started on March 13th, when the trend line started, but still above the 200MA.
Stop loss: 4208
Take profit: 3990
Risk reward ratio: 1:3
Stop loss: 4208
Take profit: 3990
Risk reward ratio: 1:3
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