On the 4 hour chart, the TOBO formation should be followed. FIB 0.786 is an important support point. According to the MACD indicator, back off possibilities are included. Therefore, turquoise support levels should be followed. If there is a "back off", TOBO may come to the agenda.
It is not a investment advice
Note
FIB 0.786 is still an important support point.
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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.