On the weekly time frame, as we are currently testing the previous weekly resistance which has now turned into support,
upward rejection can be expected.
Moreover, after the last bullish impulse which started at the end of January, the last correction is back in the important zone between Fibonacci levels of 0.500 and 0.618. This also alines exactly at the level of the identified support.
Going down to the daily timeframe , we can define a potential upward at the psychological target around 2,000
This would also complete the monthly ABCD pattern that is in development since early January 2022.
upward rejection can be expected.
Moreover, after the last bullish impulse which started at the end of January, the last correction is back in the important zone between Fibonacci levels of 0.500 and 0.618. This also alines exactly at the level of the identified support.
Going down to the daily timeframe , we can define a potential upward at the psychological target around 2,000
This would also complete the monthly ABCD pattern that is in development since early January 2022.