Observe the monthly chart. If the price breaks through 1860, it will be very beneficial to the longs in the short term. September is about to enter, and this probability is gradually increasing.
If the price breaks through 1916 again, it may reach 1970 or even above 2000, which will form a bearish Gartley pattern. At that time, it may be the best time to go short.
Komentarz:
Of course, if the price cannot break upwards, it will likely continue the downward trend and continue to break downwards, to test 1700, 1600, and the lowest may reach around 1500.
As you can see in the figure, 1828~1835 is currently accepting the challenge of bulls. If the price breaks through this range, it is likely to continue to test the downward trend line above, which is 1850~1870. Here, if it breaks again, it is likely to happen The trend of the monthly chart mentioned above.