As I mentioned in my previous post, it could not close below the price level of 1557. This is still not a bullish indicator..
The areas marked on the chart are an area where sellers are the majority.. We can see a serious sales movement from this area.
If they can lower it below the 1557 low level that I mentioned before with such a strong selling pressure in that region, we can see that a shoulder head and shoulder formation is formed there.
if shoulder head and shoulder formation occurs.. as a continuation movement, we can go to 1271, which is the shoulder target, and then 1030, which is the head target..
I find it useful to repeat.. In order to fulfill these formations, we need to see a daily price closing below the price level of 1557. Otherwise, as I said before, we can see the continuation of the upward trend consolidated in this area.
The analysis I shared today is just one of the fall scenarios. You must not forget this..
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