We got closer to support and resistance zone that is near 50% and 75% of previous high and low (purple circles).
Key levels that are build by Fibonacci extension show 2 potential reverse point. Both key levels are near 50 and 75% (buy zone) of previous high and low.
There is also liquidity line, so I'm more than sure that price will get closer to 75% (higher key level), to take liquidity and then will start to drop.
By amount of bullish break of structures I can presume, that buyers getting stronger that why my tp is on the 50% of lowers high and low.
Most likely EU will be bullish very soon.
Good luck;)
Key levels that are build by Fibonacci extension show 2 potential reverse point. Both key levels are near 50 and 75% (buy zone) of previous high and low.
There is also liquidity line, so I'm more than sure that price will get closer to 75% (higher key level), to take liquidity and then will start to drop.
By amount of bullish break of structures I can presume, that buyers getting stronger that why my tp is on the 50% of lowers high and low.
Most likely EU will be bullish very soon.
Good luck;)
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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.