Retraced to 618 fib level.
Creating a falling wedge which is bullish.
A breakout possible but there is a strong resistance as a channel.
Trade with caution and a tight stop loss.
Not a financial advice, just an idea.
Creating a falling wedge which is bullish.
A breakout possible but there is a strong resistance as a channel.
Trade with caution and a tight stop loss.
Not a financial advice, just an idea.
Note
Any counter thoughts appreciatedNote
Closed the long at 55ema
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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.