The falling wedge/flag pattern has broken on 2 hour charts and above. Now we look at the fibonacci levels. The 50% is currently being tested, and if it surpasses that and 61.8%, it should keep on going. This should go long.... However,
There is a chance for a retracement at these levels, and especially on levels from the original high.
Just an idea.
There is a chance for a retracement at these levels, and especially on levels from the original high.
Just an idea.
Note
50% Fib level from original high around 2579.5. SLIGHT chance for retraceNote
We have a couple new trends forming, keep an eye out for breakout. 50% Fibonacci restated so far.
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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.