Dear traders,
As you can see, after the huge down impulse, price made a nice correction to the 61.8 fibo level.
Very clear until now .
In my opinion, every recesion in the past made a nice reverse candlestick pattern that confirmed recesion is over.
Wich here, is not the case. Remember, this is not the bottom.
After price will will break the 50.0 fibo price level, and after a correction, we will have a confirmed enter in the sell transaction.
In this case you can catch the big fish but this need a huge attention and analyse of the chart.
If your analyse match mine, drop a like and a comment!
Have a great weekend.
As you can see, after the huge down impulse, price made a nice correction to the 61.8 fibo level.
Very clear until now .
In my opinion, every recesion in the past made a nice reverse candlestick pattern that confirmed recesion is over.
Wich here, is not the case. Remember, this is not the bottom.
After price will will break the 50.0 fibo price level, and after a correction, we will have a confirmed enter in the sell transaction.
In this case you can catch the big fish but this need a huge attention and analyse of the chart.
If your analyse match mine, drop a like and a comment!
Have a great weekend.
Note
First arrow complete!Note
Second arrow complete !
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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.