AMD Signal !!!!
Topic :
We expect a price correction due to the price hitting the 90.60 resistance area, which is also one of the important supply areas.
Our target price range is 88.08 because:
1- It is a resistance area to which the price has reacted many times
2 - Our uptrend is at the level of 0.382
3 - At the level of 0.382, the pattern AB = CD is located
4 - Our Fibonacci channel is at the level of 0.382
Given all these arguments, one can expect a corrective move to the target price area
I look forward to hearing from you dear ones about my analysis
We expect a price correction due to the price hitting the 90.60 resistance area, which is also one of the important supply areas.
Our target price range is 88.08 because:
1- It is a resistance area to which the price has reacted many times
2 - Our uptrend is at the level of 0.382
3 - At the level of 0.382, the pattern AB = CD is located
4 - Our Fibonacci channel is at the level of 0.382
Given all these arguments, one can expect a corrective move to the target price area
I look forward to hearing from you dear ones about my analysis
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.