Respected the Fibonacci reversal target, we just need it to respect the retracement target and have a nice bounce which is also in a high volume area, so it's very likely. Currently still inside the arch which is nice.
It's all lining up very nicely so we shall see if it reaches the target. (Red level of key resistance)
Not important but worth mentioning:
My original drawings were rusty and not my best work, especially with the arch, it was my first time using it. Hopefully this refresher is better. Trial and error. :)
It's all lining up very nicely so we shall see if it reaches the target. (Red level of key resistance)
Not important but worth mentioning:
My original drawings were rusty and not my best work, especially with the arch, it was my first time using it. Hopefully this refresher is better. Trial and error. :)
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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.