1. Major resistance level - descending resistance level , 61.8% fibonacci retracement
2. RSI bearish exit
3. Falling wedge formed
Watch for breakout of short term ascending support line for sell entry, take profit at 38.2% fibonacci retracement level, stop loss slightly above major resistance
2. RSI bearish exit
3. Falling wedge formed
Watch for breakout of short term ascending support line for sell entry, take profit at 38.2% fibonacci retracement level, stop loss slightly above major resistance
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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.