4 Probabilities -
1. All 3 SMAs (20, 50 & 200) pointing up nicely
2. Fib Retracement of 61.8%
3. Market broke previous Resistance levels now becomes support level
4. Price pull backs into 20sma
1. All 3 SMAs (20, 50 & 200) pointing up nicely
2. Fib Retracement of 61.8%
3. Market broke previous Resistance levels now becomes support level
4. Price pull backs into 20sma
Note
edit: 4. Price pull backs into Dyanmic supports zone both the 20 SMA & 50 SMA respectively.**Note
Target hit! 1:2 good risk to reward!
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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.