Flag formation on 4 hours time frame.
The fall could be assumed to be consumed if the price holds above the Fib golden ratio of 50-60%.
The double bottom formation with higher-lows is another sign of buying accumulation.
Now the price is forming a flag at the crucial level. This could be a good place for further upside expectation.
The fall could be assumed to be consumed if the price holds above the Fib golden ratio of 50-60%.
The double bottom formation with higher-lows is another sign of buying accumulation.
Now the price is forming a flag at the crucial level. This could be a good place for further upside expectation.
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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.
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.