An area of value may occur with confluence of
1. .50 fib retracement of recent swing down.
2. Intermediate horizontal resistance
Stop above .786 fib
Target - between .272 and .618 extension , at a level of past horizontal support.
Risk reward is 3....
1. .50 fib retracement of recent swing down.
2. Intermediate horizontal resistance
Stop above .786 fib
Target - between .272 and .618 extension , at a level of past horizontal support.
Risk reward is 3....
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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.