Price broke out of a very strong resistance zone which aligns with the 61.8% Fibonacci projection. As you can see, the RSI indicator is in the overbought territory. I think we might see a potential pullback to the resistance turned support zone. From where we might see momentum carry price to the upside
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.