Looking to reenter after a retest of 1.618 fib level (~16.25), which showed some resistance today, which is marked by the blue arrow.
White lines are previous highs.
Why:
Powerful move on the daily chart.
Stop loss would be under resistance at $16.09 which is marked by the orange arrow.
Target is one of the previous highs ($16.90 or $17.18) depending on price action and volume.
White lines are previous highs.
Why:
Powerful move on the daily chart.
Stop loss would be under resistance at $16.09 which is marked by the orange arrow.
Target is one of the previous highs ($16.90 or $17.18) depending on price action and volume.
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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.