This week's forecast 🧐🤔
Finally, it's N's prediction, but I have divided it into two major patterns.
I will publish the chart analysis of the two patterns.![]()
📌First is the chart of the bearish pattern.![]()
If it fails to hold above the level of $120.78, there is a high possibility of a breakdown to $114, then bounce back to retest $117, and if it fails to break $117, it will break down to $113 and then bounce back. The key is whether it can break $120.78 and maintain it.![]()
There is also a possibility that it will not break down to $114, but rather hold at $117 or fall to $116 and then rise back to $117.![]()
However, as long as it does not exceed $117, there is still a high possibility of a decline to $113.
In the worst case, there is a high possibility that it will fall below 100 in late September to October.![]()
![This week's forecast 🧐🤔](https://sgsnsimg.moomoo.com/sns_client_feed/182737531/20240902/1725278794819-random7751-182737531-android-org.jpeg/big?area=105&is_public=true)
📌Next is the chart of the upward pattern.
👇It appears that there is a potential for WX-Y retracement, so I made a prediction.
The Y wave is an ABC pattern. The decline to the swing low of 115 was wave a.![]()
If we expect a B wave rally, it needs to break through all three resistance levels of 123, 126, and 129, and surpass them. To invalidate wave c of wave y and reach $113, it needs to break the swing high of $131.
In that way, you can neutralize the downward pressure.![]()
But even if it rises, 124-126 may be the limit.![]()
![This week's forecast 🧐🤔](https://sgsnsimg.moomoo.com/sns_client_feed/182737531/20240902/1725278797709-random714-182737531-android-org.jpeg/big?area=105&is_public=true)
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