So we did fail to hold the neckline of our recent W pattern, although after pulling a fibonacci retracement from the second previous low to the most recent high, we can see that we broke the .312 level to only come straight back above it to hold. I predict that we will see the price level climb back the the high of the W pattern, before a small consolidation and then a break out to the upside to see once agian our long term trendline.
What's your thoughts?
What's your thoughts?
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.