On a daily chart we have correction in a form of "ugly" triangle.
Three candles ago the resistance line was breakthrough
and now the price tests it.
Moreover on a H1 chart we see uptrend around $35 from $1480 to $1515.
Yesterday starts a correction of this movement and today the price reach 38,2 Fibo level.
To this we can add a very typical "phenomenon" in the financial markets, namely Stop Hunting.
The price has reached $ 1502.5 which is exactly $ 0.7 below the lowest correction value.
Three candles ago the resistance line was breakthrough
and now the price tests it.
Moreover on a H1 chart we see uptrend around $35 from $1480 to $1515.
Yesterday starts a correction of this movement and today the price reach 38,2 Fibo level.
To this we can add a very typical "phenomenon" in the financial markets, namely Stop Hunting.
The price has reached $ 1502.5 which is exactly $ 0.7 below the lowest correction value.
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✅ JOIN FREE TELEGRAM: t.me/trendlinefreetrade
❓ If you got questions: t.me/Semkov
💡 If you want to know on what basis we make our entries, get in here: t.me/trendlinefreetrade
❓ If you got questions: t.me/Semkov
💡 If you want to know on what basis we make our entries, get in here: t.me/trendlinefreetrade
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.