Upon closer examination, all the euphoria and excitement chasing the price makes one lose their focus and get confused. Day chart is down, bearish.
1H chart shows a false breakout to attract the late buyers only to return them the favour of a lower price point from their entry. Result = Loss. Now is hovering at the support level of the 50% FIB level, if it breaks above like the previous attempts or disappoints the bulls camp and heads south.
I prefer south for now, how about you?
1H chart shows a false breakout to attract the late buyers only to return them the favour of a lower price point from their entry. Result = Loss. Now is hovering at the support level of the 50% FIB level, if it breaks above like the previous attempts or disappoints the bulls camp and heads south.
I prefer south for now, how about you?
Note
beautifully executed, it touches exactly at the 786 FIB level and rebound. more to come, i expect
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Clause de non-responsabilité
Les informations et publications ne sont pas destinées à être, et ne constituent pas, des conseils ou recommandations financiers, d'investissement, de trading ou autres fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.