I find it interesting that my target 1.618 Fibonacci level is now perfectly confluent with the 0.5 Fibonacci level on the weekly time-frame.
This level falls exactly at 32.5k.
That would be my level to take short profit if it goes there.
BTW, I raised my short stoploss to 52k.
I'm still not convinced the low is in.
Too many indicators are telling me a pullback is imminent.
God bless!
This level falls exactly at 32.5k.
That would be my level to take short profit if it goes there.
BTW, I raised my short stoploss to 52k.
I'm still not convinced the low is in.
Too many indicators are telling me a pullback is imminent.
God bless!
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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.