There's either a bearish rising wedge or a bear flag formed on the 4h, and on the monthly tf, price has just rappelled from an ascending wedge. The 2022 low at 1.0804 would shift into focus if Fibre is heading south, possibly also opening up a route to test the 2020 low at 1.0636. The MACD line recently crossed below its signal line, indicating that upside momentum may be exhausted.
Commentaire:
Spot on so far. People who forecasted Fibre up last weekend have changed their tune.
Commentaire:
Still milking this...