LT long term Fibonacci retracement
Fib support at 900 and 749, if broken can bleed ( on daily charts)
If reversal sustains, bounce back till 930 (MA resistance on daily charts, then 974 (long term trendline resistance) , 1057(next fib ret. resistance), 1150 (next possible MA resistance on monthly charts)
Lots resistance at the top, possible MA squeeze towards downside, if breaks out upside, good long opportunity, if breaksout downward, good short opp. Might range for few days for now.
If reversal sustains, bounce back till 930 (MA resistance on daily charts, then 974 (long term trendline resistance) , 1057(next fib ret. resistance), 1150 (next possible MA resistance on monthly charts)
Lots resistance at the top, possible MA squeeze towards downside, if breaks out upside, good long opportunity, if breaksout downward, good short opp. Might range for few days for now.
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