Did we just finished short bull run and reversing into bearish trend?
this 11800 (fib. 0.382) resistance are very important if we want to see 14000 targets as many predicting... at this stage doesnt look we have enough volume to push trough 11800 level and also there is a two bearish indicators, bear flag and rising wedge. as you can see rising vedge narrows down on fib 0.382 level so it will break out anytime soon. if it also breaks out of bear flag it confirms that we completed B correction wave and entering into C wave, which is new bearish trend
this 11800 (fib. 0.382) resistance are very important if we want to see 14000 targets as many predicting... at this stage doesnt look we have enough volume to push trough 11800 level and also there is a two bearish indicators, bear flag and rising wedge. as you can see rising vedge narrows down on fib 0.382 level so it will break out anytime soon. if it also breaks out of bear flag it confirms that we completed B correction wave and entering into C wave, which is new bearish trend
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