Getting close to the completion of a Dragon/Crab pattern here where market will retrace from the yellow squared zone.
Correction is estimated to fall on confluence of two Fibonacci levels and previous resistance.
Price should not cross the black upward sloping trendline assuming no major changes in market sentiment.
Ultimate target will the completion of a Crab pattern on the weekly chart where the rally should stop to retrace or reverse on a big scale.
Correction is estimated to fall on confluence of two Fibonacci levels and previous resistance.
Price should not cross the black upward sloping trendline assuming no major changes in market sentiment.
Ultimate target will the completion of a Crab pattern on the weekly chart where the rally should stop to retrace or reverse on a big scale.