๐ Negative outlook ๐
๐ฅ The first point
Exiting the small channel and confirming it, we can easily go down to the bottom of the channel at 77,000, because it is impossible for its rise to be other than this angle of inclination, and this happened in all its cycles before exactly.
๐ฅ The second point
In an upward trend within the large channel for two years, it is very natural to go down to the bottom of the channel at 77,000, and this is penetrated by the middle of the channel with a bearish candle
๐ฅ The third point
The yellow line is a very important trend, and it may be in a mini-bulle and this will be a peak and we will go down from here and take a long time to correct.
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๐ฅ The conclusion
๐ We are in a very important area between completing the rise and it will be very huge at a sharp angle of rise and it will be a very sharp fall, it is usually 6 months, and this is a monthly closing and the red line is an indication of a weekly correction in which there is at least 15%.
Or
๐ We go down below the middle of the channel and this means there will be a large red candle until we touch the bottom of the channel and after that we will determine whether it will continue to decline or not.
๐ I am optimistic and God willing we will be with the upward trend ๐
All of this to be achieved whether it rises or falls will be with very big news, that's why they always say technical analysis precedes fundamental analysis, but fundamental analysis is more accurate and influential, but both are necessary.
๐ See you on Tharaa ๐ฐ
This is the continuation of the previous post
