In this time frame, as mentioned, the price went up to the 0.236 Fibonacci range and was rejected and returned below this range with the fake break that it had created in its downward trend line and formed a Bearish flag pattern.
which is the continuing pattern, we expect the continuation of the fall to the range of $1156.
Resistance range: 1318-1318-1284
Support range: 1227-1189-1156
which is the continuing pattern, we expect the continuation of the fall to the range of $1156.
Resistance range: 1318-1318-1284
Support range: 1227-1189-1156
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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.