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The week started with a fall

Nov 11, 2019

Presumably, now we are at the correctional wave end, and it is necessary to catch all the signals for a reversal to not miss anything. It is recommended to place limit orders to buy.

The support is the 8600 level at the moment. The same level is the last pump trade zone. The EMA 200 from the 1D chart is at this level too. Short term false breakdowns of this area cannot be ruled out.

For this reason, we can expect price consolidation at the 8400 – 8600 lvl. Exit above the 9000 lvl will give a signal for opening long positions to market players

We don’t recommend going to a short position in the case of breaking through to 8400-8600 lvl.

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