1) The pink line, continuation of the symmetrical triangle was a strong resistance, will now act as support
2) Fib retracement level 0.236, which is a key level
3) The blue horizontal also acting as support / resistance line on the top of 21-Nov. And coincide perfectly with the 0.236 retracement level.
Breaking down the pink support line, on the 1h closing candle would cancel this short term trade.
2) Fib retracement level 0.236, which is a key level
3) The blue horizontal also acting as support / resistance line on the top of 21-Nov. And coincide perfectly with the 0.236 retracement level.
Breaking down the pink support line, on the 1h closing candle would cancel this short term trade.