There is a Harmonic BAT Pattern formation in our chart, which continues the price movement within the horizontal trend in the medium term. At the same time, we are still following 30000 as the main support level in our price action, which is in a Descending Wedge formation on the hourly chart. With the 2618 strategy at the 32567 levels, buying can be expected. 36600 and 39800 resistance levels can be expected as a target when buying from this level. In order to enter an uptrend in the medium term, it should be expected to close with a volume candle above the 41330 levels.
The Harmonic Deep CRAB Pattern we mentioned earlier achieved a 30% return by taking both targets. While the pattern formation was completed, the price movement, which also created the Double Dip formation, activated the formation with the break of the neckline. If selling pressure comes from the 2280 resistance level, a buying opportunity can be obtained with the 2618 strategy formed at the 1934 level. The resistance levels we should follow on the ups are 2280, 2640 and 2990. If we see a candle close above the 3000 level, we will be in an uptrend again in the medium term. If we see a candle close below the 1600 level, which is the main support, the declines can continue and regress to 1100 levels.
Our chart, which continues the price action within the Descending Wedge pattern in the medium term, is in the Harmonic BAT Pattern formation on the hourly chart. If the decline continues to the level of 0.6000, it can be considered as a buying opportunity. If this level breaks down voluminously, a pullback can be seen up to 0.5300 levels. 0.7000 and 0.7850 resistance levels should be followed on the ups.
Disclaimer: What is written here is not investment advice.Share this article