Direction of prices depending on the holding or breaking of the Gann fib rays
Note
Different view - Pennant
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Xvg held the 1x2 - Should see 1190 at the top 5th arc, resistance at the blue 4th arc and 100% fib
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Xvg held the uptrend like a boss - Resistance here at the arc and 100% fib - If the uptrend of the 1x2 Gann fib ray holds then the price is headed to the next arc
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Hitting some resistance here
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Xvg finished the chart - Trade closed
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My trade closed at the 5th arc on the main chart but there is still room left in Xvg up to around 1600 - Good luck *)
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Xvg has broken the parabolic uptrend - Next level of support marked by the blue bands
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Verge briefly left the building but is returning to rejoin the blue Gann 1x1 fib ray - The candles need to hold on the 1x1 for more upside
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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.