You can see a clear divergence on the volume , right now we are still in the bearflag. MACD on 4h Chart shows a positive cross-over, but I would not fall for that. Most traders do not believe in a bounce from here now. I assume and expect that most of us wait for the next Fib level @ 7250! It will be a hard and very powerful bounce from there. First target should be @8200, it will slightly drop from there, rebuy a bit lower and aim for the next move to 8500.
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Interested in Feedback
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I placed my buy-order @7590, let's see how accurate it is. I am still playing around with Fib to figure targets on spot out!Note
7290 of course...sorryTrade active
Target reached for now, different exchanges have different "lows", I entered. Let's see if we fall a bit lower than this or go straight upTrade closed: target reached
Well that was pretty on point
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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.