we can see on the left that miicrosoft has been trneding up with higher highs and higher lows until that flipped zone which i marked out that pushed it down shifting structure.
Now price is rejecting off that level and reaching the 0.5fib, also a demand zone.
However price has been respecting daily bearish gaps thus far
so let's see if this 0.5 fib level holds, if it breaks downwards, then price should go down.
i'm more bearish for now, unless nfp pushes price back up with force
Now price is rejecting off that level and reaching the 0.5fib, also a demand zone.
However price has been respecting daily bearish gaps thus far
so let's see if this 0.5 fib level holds, if it breaks downwards, then price should go down.
i'm more bearish for now, unless nfp pushes price back up with force
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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.