✅Let's read the analysis of August
11th Dominance index once again and then look at today's chart.😉
❗️The level of 50.60 is exactly where it didn’t have a breakout, and we said that if it doesn’t break, the downtrend will continue, and on the contrary, if it breaks, it will be an uptrend.
✅Currently, the general trend of the market movement is a 3drive pattern towards the level of 48.36%, if the pattern A is completed, by reaching the level of 50.10 to 50.60, there will be an expectation of the index falling, and then it will move upwards.
❗️But if the market moves to the level of 48.36% after settling in the current area, we cannot expect a good reaction from the support area in question.
✅In general, due to penetration at the level of 48.95%, the possibility of the index falling is much higher than its uptrend in the daily time frame.
❗️According to the chart, there is a possibility of index growth in the short term.
11th Dominance index once again and then look at today's chart.😉
❗️The level of 50.60 is exactly where it didn’t have a breakout, and we said that if it doesn’t break, the downtrend will continue, and on the contrary, if it breaks, it will be an uptrend.
✅Currently, the general trend of the market movement is a 3drive pattern towards the level of 48.36%, if the pattern A is completed, by reaching the level of 50.10 to 50.60, there will be an expectation of the index falling, and then it will move upwards.
❗️But if the market moves to the level of 48.36% after settling in the current area, we cannot expect a good reaction from the support area in question.
✅In general, due to penetration at the level of 48.95%, the possibility of the index falling is much higher than its uptrend in the daily time frame.
❗️According to the chart, there is a possibility of index growth in the short term.