I'm expecting a last upward leg to 4hr MA100 will act as a resistance.
Retracement to .618 fib level before breaking the upper wedge
Retracement to .618 fib level before breaking the upper wedge
Note
As expected price has reached upper wedge resistance.I'm expecting a .618 fib retracement from here.
Also look for support at daily MA100
these 2 will act as strong support giving us the higher low we are looking at for a reversal
Note
Here starts the retracement. Will the bulls manage to avoid a new low?Note
Levels to look at for support:- daily MA100
- 61.8 fib retracement
- double bottom
Note
Market confirms strong resistance. Looking for support at above levels
Note
Market Bouncing from our first target: daily MA100 supportNote
This could be the higher low we were looking at
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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.