I am seeing the same topping pattern almost everywhere. Either I have a gone blind on my bias, or a major dump is coming in a theatre near you ;)
The fibs are showing a potential topping signal as we are reaching 0.618 extension and we are at the center of the trendline.
Could be I am imagining everything.
So trade at your own risk. No financial advice given.
The fibs are showing a potential topping signal as we are reaching 0.618 extension and we are at the center of the trendline.
Could be I am imagining everything.
So trade at your own risk. No financial advice given.
Note
An interesting observation to the fibs is that it is also giving us an alternate top, the 1-1 extension at 6100.
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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.