Trading in a nice descending channel.
Currently testing the upper channel resistance level which confluences with the previous moves 76.4% Fib Retracement adding weight to this level.
Potential for another test of the equilibrium, potentially even the lower channel trend line around the -27.2 Fib Extension.
Stops can be placed at break even / just above the upper channel trend line.
Currently testing the upper channel resistance level which confluences with the previous moves 76.4% Fib Retracement adding weight to this level.
Potential for another test of the equilibrium, potentially even the lower channel trend line around the -27.2 Fib Extension.
Stops can be placed at break even / just above the upper channel trend line.
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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.