INDICATORS: MACD(12,26,9), SMA60(Magenta), SMA120(Blue), BBAND(25,2,2,SMA), , Timer Marker, Price Marker, Fibonacci Expansion 1 (A/B1/C, Golden), Fibonacci Expansion 2 (A/B2/C, Green).
The parameters of Fibonacci Extensions are as follows two screenshots:
In Weekly chart, 2 facts are obvious:
1.1) SMAs 60/120/250 are in bearish arrangement.
1.2) Recent 4 bearish candles shows strong energy of short, price may continue drop after adjustment.
My predictions from weekly cha…