There are 2 scenarios.
If it breaks down from the lower channel, it would test the 618 FIB level and hopefully have a rebound.
If not, it may rebound from the lower channel and heads up.
Notice it is still in a bullish trend in the 4H chart.
Do not short unless you are clear what you are doing and have a strategy for it.
Best of luck to all
If it breaks down from the lower channel, it would test the 618 FIB level and hopefully have a rebound.
If not, it may rebound from the lower channel and heads up.
Notice it is still in a bullish trend in the 4H chart.
Do not short unless you are clear what you are doing and have a strategy for it.
Best of luck to all
Note
the price has hit the 618 FIB level, watch out for possible rebound. Not likely based on current price action, wait and see, no hurry to buy
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Publications connexes
Clause de non-responsabilité
Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.