Price is currently undergoing correction in a rising channel in a broadening descending wedge (One could also say price is forming a diagonal inverted head and shoulder). The support of correction channel is about 9190. A bounce of from the support and a break out of the broadening descending wedge or the neckline of the inverted head and shoulder could see price go all the way to the 97.70 region.
Disclaimer: This is not a financial advise. This is my way of sharing my trade ideas with the community and any decisions you make from this is entirely yours and has nothing to do with me.
Disclaimer: This is not a financial advise. This is my way of sharing my trade ideas with the community and any decisions you make from this is entirely yours and has nothing to do with me.