D1 RETRACEMENT
The conclusion in my analisis its long.
Price is currently in a D1 retracement, price was rejected at 50% fibo but price fail to break the last low and with that created a higher low, the logical sequence says price will be looking for a higher high near the 61.8 fibo.
This setup its invalidated if price break the latest low
Price is currently in a D1 retracement, price was rejected at 50% fibo but price fail to break the last low and with that created a higher low, the logical sequence says price will be looking for a higher high near the 61.8 fibo.
This setup its invalidated if price break the latest low
Note
Price failed to break the last high, if price break the las low the tendence changeTrade closed: target reached
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.
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.