Currently Fib 0.5 of its all-time high and its last peak - both are showing resistance.
Once it breaks the level, the trendline will act as resistance (~114).
After that it may speed-up towards its next targets of 121, 146 and previous all-time high.
Once it breaks the level, the trendline will act as resistance (~114).
After that it may speed-up towards its next targets of 121, 146 and previous all-time high.
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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.