Bullish channel break,
38.2 bearish retracement
target is 61.8(17.290) retrecement zone frome nearest (c) at 16.700 area,this zone is also a 38.2 zone based on a retracement from the low on the weekly tf.on the weekly price has broken past this level after a strong bullish run,this area is for me the most logical area for a retest.
38.2 bearish retracement
target is 61.8(17.290) retrecement zone frome nearest (c) at 16.700 area,this zone is also a 38.2 zone based on a retracement from the low on the weekly tf.on the weekly price has broken past this level after a strong bullish run,this area is for me the most logical area for a retest.
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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.