Trend Line in green is a good position for price to reverse in the bulls favor
This aligns well with the 0.786 fib line
As you can see it has broken down out of a small channel shown in the green dotted section
Weekly timeframe
This aligns well with the 0.786 fib line
As you can see it has broken down out of a small channel shown in the green dotted section
Weekly timeframe
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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.