This is a macro drawing of the pulse.
1) The pulse occurred in a strong downtrend
2) FIBs show retracement levels for the pulse. Notice there is structural support near or at these levels.
3) A Return to .70 will be a return to downward Trend Channel top
4) A .236 is not a good indicator
5) Volumes still support good buying activity.
6) Watch BTC data for early indication of buying
1) The pulse occurred in a strong downtrend
2) FIBs show retracement levels for the pulse. Notice there is structural support near or at these levels.
3) A Return to .70 will be a return to downward Trend Channel top
4) A .236 is not a good indicator
5) Volumes still support good buying activity.
6) Watch BTC data for early indication of buying
Note
Very Good Suppor levelNote
Very Good Support Level at the .382Note
Next Target 1.40 ish.....Good Morning! Japan!
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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.
Related publications
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.