The price experienced a bullish impulse, followed by a correction that returned to a former resistance level that became support.
🔁 This area also corresponds to the Fibonacci golden zone, which increases the likelihood of a rebound, at least technically.
🎯 Possible scenarios:
1️⃣ Start gradually accumulating in this zone
2️⃣ Wait for the ROB to break for confirmation
3️⃣ Confirm an EMA 7 / SMA 20 crossover for greater probability
📉 Stop Loss: below the SMA 200 H4 (or according to your money management)
🎯 Objective: return to the last high
⚠️ This analysis is purely educational – this is not investment advice.
💬 What's your opinion? Are you accumulating or are you still waiting?
🔁 This area also corresponds to the Fibonacci golden zone, which increases the likelihood of a rebound, at least technically.
🎯 Possible scenarios:
1️⃣ Start gradually accumulating in this zone
2️⃣ Wait for the ROB to break for confirmation
3️⃣ Confirm an EMA 7 / SMA 20 crossover for greater probability
📉 Stop Loss: below the SMA 200 H4 (or according to your money management)
🎯 Objective: return to the last high
⚠️ This analysis is purely educational – this is not investment advice.
💬 What's your opinion? Are you accumulating or are you still waiting?
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.