Previous Support has turned into resistance at C.
1) Breakout, 2) Retest ..... 3) Continuation.
Price action has formed a descending channel... A,B,C
Retracement of downturn into the fibonacci sweet spot... C (Confluent with previous support)
All 3 confluences line up nicely. Watching price closely for signs of a sell!
1) Breakout, 2) Retest ..... 3) Continuation.
Price action has formed a descending channel... A,B,C
Retracement of downturn into the fibonacci sweet spot... C (Confluent with previous support)
All 3 confluences line up nicely. Watching price closely for signs of a sell!
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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.