50 week moving average is a very strong resistance which has decided may decide where we are headed from here. 38030 should be held on 18.07.2021 to close above the 50 week MA. Looking from the past, current chart looks similar to 2019 where we stayed around the 50 week MA for a few weeks before retracing around 40% up and then breaking the 50 week MA wall.
If this scenario plays out this time also, we may see an around 40% retracement up to 40k before coming back down confirming or alternatively going up from there and breaking this pattern.
I'd watch closely whether 50 week MA support holds or not.
If this scenario plays out this time also, we may see an around 40% retracement up to 40k before coming back down confirming or alternatively going up from there and breaking this pattern.
I'd watch closely whether 50 week MA support holds or not.
註釋
The retracement from 50 week MA ist continuing to play out. Let's see whether it continues to at least 40k (over 40% as in the past touch of 50 week MA).
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