This concept is based on parabolic arc pattern which is very rare and usually occurs in extreme bull markets.
Target for that kind of pattern usually is 0.618 fib retracement.
Target for that kind of pattern usually is 0.618 fib retracement.
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if breaks 1120 will go to 1085 - 1045 and than possible to 970 - 890 level where I expect reversal point and resume bull trend.
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