Price pattern, it is possibility to be head and shoulder
or maybe it is wave 2 of downtrend
Price maybe retrace wave 2 . It is around 1250-1255 (fibo 0.618) for short.
and target close short position around 1311 (1st target fibo 1.618) and 1288 (2nd target fibo 2.618)
or maybe it is wave 2 of downtrend
Price maybe retrace wave 2 . It is around 1250-1255 (fibo 0.618) for short.
and target close short position around 1311 (1st target fibo 1.618) and 1288 (2nd target fibo 2.618)
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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.