Head Formation Perspective Updated
Hi traders!
I'm expecting a more strong pullback that will explode dopamine in Bulls' brain at trendline retest below (50k). In a Fibonacci Retracement by the head's peak the range 50-78.6% Is a located for a reactive PULLBACK that Will demand patience. A TP Is a good choice at 50% (~49300) and a re-short at the new pullback's peak, which can be expected to retrace at 78.6% (~50800), Will be a good position.
See u later!☕
I'm expecting a more strong pullback that will explode dopamine in Bulls' brain at trendline retest below (50k). In a Fibonacci Retracement by the head's peak the range 50-78.6% Is a located for a reactive PULLBACK that Will demand patience. A TP Is a good choice at 50% (~49300) and a re-short at the new pullback's peak, which can be expected to retrace at 78.6% (~50800), Will be a good position.
See u later!☕
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Related publications
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.