As you can see there are a few ways this thing can unravel.
We have an inverse head and shoulders, a possible diamond bottom formation, a daily demand zone and a .618 fib level. I don't know which way the price will take, but I started to add to my longs at this level.
We have an inverse head and shoulders, a possible diamond bottom formation, a daily demand zone and a .618 fib level. I don't know which way the price will take, but I started to add to my longs at this level.
Note
Ready for that bounce?
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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.