First of all GN is on a uptrend, and now is going down because is doing the higher low so were looking for buy opportunities so we have put the fibonacci level to see where the higher low will finish, so we have 0.5 and 0.618 the graph will touch one of this level and will continue go up so we can place our buy limits on 0.5 0f the fibonacci level or the 0.618 according to the next psycology levels!!!! Remember this is our prediction can work or cannot work so always apply risk mangment ur sl will be on 0.786 of our fibonacci level and we need to be careful the fundamentals (news) can quit us.
And one more thing on the 0.5 0f the fibonacci levels it wil form 3 touches of the trend line one more confirmation that were going u soon
And one more thing on the 0.5 0f the fibonacci levels it wil form 3 touches of the trend line one more confirmation that were going u soon
Note
On our fibo levels on 0.5 our psycology levels is 1.95500on 0.618 our psycology levels is 1.95000
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.
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.