Hey my follower
The price here broke the trendline (Ascending Trendline/Uptrending Trendline) and now it's going to give us a retest before continuing with a bearish move heading for our first critical horizontal level which we highlighted on the Weekly TF.
The aim of this trend is to give us a 50%_61.8% Fibonacci correction of the previous Bullish structure.
I hope it helps you with your strategy.
Cheers
The price here broke the trendline (Ascending Trendline/Uptrending Trendline) and now it's going to give us a retest before continuing with a bearish move heading for our first critical horizontal level which we highlighted on the Weekly TF.
The aim of this trend is to give us a 50%_61.8% Fibonacci correction of the previous Bullish structure.
I hope it helps you with your strategy.
Cheers
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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.
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.