Monthly in Red, weekly in Blue, short term in Pink
We are at Monthly fib level 23.6%, now I am biased that as a support because C wave of ABC which has started on 12/20 has not reached 100% yet, 52K - 54K area is a confluence of weekly and short term fib levels.so let's go to that confluence and decide the next steps. I don't want to write a lot and take your time as long as Chart is talking to you. It's my opinion, do your DD. Good luck.
We are at Monthly fib level 23.6%, now I am biased that as a support because C wave of ABC which has started on 12/20 has not reached 100% yet, 52K - 54K area is a confluence of weekly and short term fib levels.so let's go to that confluence and decide the next steps. I don't want to write a lot and take your time as long as Chart is talking to you. It's my opinion, do your DD. Good luck.
Note
See the importance of every line in the chart, the dotted black line was perfect to be touched and then retracement started again and now 23.6% in red has become resistance.
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Trading Crypto, Futures , Forex, CFDs and Stocks involves a risk of loss.
Please consider carefully if such trading is appropriate for you.
Past performance is not indicative of future results.
Always limit your leverage and use tight st
Trading Crypto, Futures , Forex, CFDs and Stocks involves a risk of loss.
Please consider carefully if such trading is appropriate for you.
Past performance is not indicative of future results.
Always limit your leverage and use tight st
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.
RISK DISCLAIMER:
Trading Crypto, Futures , Forex, CFDs and Stocks involves a risk of loss.
Please consider carefully if such trading is appropriate for you.
Past performance is not indicative of future results.
Always limit your leverage and use tight st
Trading Crypto, Futures , Forex, CFDs and Stocks involves a risk of loss.
Please consider carefully if such trading is appropriate for you.
Past performance is not indicative of future results.
Always limit your leverage and use tight st
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.