Price is on an up trend
Price is at 0.618 fib retracement level where the new HL is likely to be formed if the trend holds.
On a lower time frame ( i have used 30min) a descending wedge pattern has been broken and price has potential to rise further up towards the .382 fib extension level
*TRADE AT YOUR DISCRETION*
Author not responsible for any losses incurred.
Price is at 0.618 fib retracement level where the new HL is likely to be formed if the trend holds.
On a lower time frame ( i have used 30min) a descending wedge pattern has been broken and price has potential to rise further up towards the .382 fib extension level
*TRADE AT YOUR DISCRETION*
Author not responsible for any losses incurred.
Trade active
Trade active
Moving steadily...still holdingTrade active
Close to targetTrade closed: target reached
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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.