in the last analysis We fell into the correction trap, specially with the fake crash Trap, But we stressed that the entry areas are between 24100 -- 24150, Due the high risks in the US stock market over the past week.
In my own view I think that the price is trying to change the orientation specially that the correction Plan a third, both in terms of time and price.
I think the price now hit the targets (the previous support level and the current evaluation) 24000 mainly and directly, and breaking the resistance means confirming the correction and targeting the level of 24900, then if it will be breached, personally I expect that we will see a new top of 25500.
Also a very important point, today the May candle opened, on the monthly calendar the price always moves near Moving Average 200, that's mean it's have to hit 25500 at least and make a new top
In my own view I think that the price is trying to change the orientation specially that the correction Plan a third, both in terms of time and price.
I think the price now hit the targets (the previous support level and the current evaluation) 24000 mainly and directly, and breaking the resistance means confirming the correction and targeting the level of 24900, then if it will be breached, personally I expect that we will see a new top of 25500.
Also a very important point, today the May candle opened, on the monthly calendar the price always moves near Moving Average 200, that's mean it's have to hit 25500 at least and make a new top