🔑 Key Technical Signals:
• Rejection at 0.618 Fibonacci level ($3,226) creating bearish pressure 📉
• Stochastic indicator showing overbought conditions with divergence ⚠️
• Completed 5-wave structure followed by ABC corrective pattern formation 🌊
• Notable price gap below that could act as a magnet for price action 🧲
📊 Trade Setup:
• Entry: 3219
• Stop Loss: 3234 (150 pips)
• Take Profit Targets:
- TP1: 3193.5 (psychological support) 🎯
- TP2: 3173 (1.618 Fibonacci extension) 💰
• Rejection at 0.618 Fibonacci level ($3,226) creating bearish pressure 📉
• Stochastic indicator showing overbought conditions with divergence ⚠️
• Completed 5-wave structure followed by ABC corrective pattern formation 🌊
• Notable price gap below that could act as a magnet for price action 🧲
📊 Trade Setup:
• Entry: 3219
• Stop Loss: 3234 (150 pips)
• Take Profit Targets:
- TP1: 3193.5 (psychological support) 🎯
- TP2: 3173 (1.618 Fibonacci extension) 💰
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.
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.