Slight GA Retrace Onward to July Break
GA is FLYING with no slowing down in sight. Bullish momentum will continue and we will break the July 6th high, I am looking for a re entry to the buy after the slight retrace i'm expecting. I did something unconventional with the Fibb retracement: from the established low i drew out the range to the July 6th high giving us great confluence with what happened at the 38.2 and 61 zones.
Because of this i think the trend line to July 6th can be trusted and this retrace will be small yet provide the best entry as we take out the July high
Because of this i think the trend line to July 6th can be trusted and this retrace will be small yet provide the best entry as we take out the July high
Note
Fibbonaci from low to high approaching 50 zone, momentum of the downside appears to be slowing down, we may be setting up for the movement back up
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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.