Strong rejection, as expected. The weekly candle now looks bearish but 5 days remain before it closes.
This is what softwares have been planning: sell here and take profit below $1600...
Like humans, algos can be stopped out so this scenario may never materialize.
Chart in log scale. Fibs in arithmetic mode.
This is what softwares have been planning: sell here and take profit below $1600...
Like humans, algos can be stopped out so this scenario may never materialize.
Chart in log scale. Fibs in arithmetic mode.
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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.