3720 3250 Possible reversal point

19 ส.ค. 2017

Purple area marks the decision making region. Within the large log Fibonacci we are in the lower half already, making 3720 as a more likely turning point to stay closer to the center, however the oscillator indicator still demonstrates more sells than buys and it will likely take time for the appetite to swing the other direction so lower points may be possible. The deciding factor will be how fast the we hit 3720- if approached fast it may be broken possibly until 3250.