Price 9356 to 8637 is the range in this upcoming week.
Reasons:
1. price likely to create an equal ABCD pattern.
2. Rsi divergence on the daily time frame.
3. Price following through a bearish parallel channel.
4. Price 9356 Fib level 0.50 and 0.618% there's a huge supply zone, and then price eventually travels to Fib level 1.27 which is my favorite one. Also completing that ABCD pattern to price 8637 where inverse a Fib confluence of 0.50% is waiting to absorb huge buy orders.
Reasons:
1. price likely to create an equal ABCD pattern.
2. Rsi divergence on the daily time frame.
3. Price following through a bearish parallel channel.
4. Price 9356 Fib level 0.50 and 0.618% there's a huge supply zone, and then price eventually travels to Fib level 1.27 which is my favorite one. Also completing that ABCD pattern to price 8637 where inverse a Fib confluence of 0.50% is waiting to absorb huge buy orders.
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