A useful channel technique: spot failures to reach the channel line, usually is a sign of a weakening trend. Notice the price has been driven down to the bottom trend line every time except the last. (5)
PA has reacted strongly to these fib channel levels
PA has reacted strongly to these fib channel levels
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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.