In a short term analysis (1 hour chart), we can imagine an important support area with two important factors:
1) Possible H&S
2) FIB 23.60% as support
If breaks below that area, we may have the conditions for a real downtrend.
1) Possible H&S
2) FIB 23.60% as support
If breaks below that area, we may have the conditions for a real downtrend.
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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.