Typical cup and handle pattern has formed
Buying zone 0.5 fib - 0.618 fib (RM 1.17-1.085), targeting 2.15-2.35.
Expecting bounce at 50 Daily MA (around 0.618 fib).
Buying zone 0.5 fib - 0.618 fib (RM 1.17-1.085), targeting 2.15-2.35.
Expecting bounce at 50 Daily MA (around 0.618 fib).
Note
Price bounce perfectly from 0.5 fib area, expecting the same target
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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.