On our last market update, there was still a lot of uncertainty on the Russian/Ukraine situation. As Russia laid their cards on the table last hours, we want to clarify again the earlier levels we have been talking about in case the market decides to decline more.
Important here is, these levels are possibilities and not certainties.
On the 3D chart, we can see the earlier discussed levels, being the main golden pocket zone (yellow box) which has a confluence with the blue box, being the 261 Fibonacci level of this whole retracement.
On the zoomed out weekly chart the moving average MA20 and MA200 are important to keep an eye on, as you can see they have been crucial resistance and support zones in the past.
We will be monitoring the markets closely coming days and update you in our public and private channels.
Meanwhile, our thoughts are with all the people in the affected areas.