Scenario on track, but beware of support at 18200-17600

7 thg 9, 2022

Dump as expected. Gann Fan supports as predicted (see the related idea and the image below).
Except for the minor upside (20130) smaller than expected (20400+), the overall scenario is right on track.
The macro downtrend would persist, but we would see a short-term rebound at the support zone around the previous low.
Check 18200 and 17600. (Previous low and the crosspoint between the parallel channels on the weekly chart.)

7 thg 9, 2022

Ghi chú

Given the descending wedge (blue), a strong rebound is likely if the price fails to break the previous low.