Price is foming Rising Wedge Pattern. We got out Fib Ret in place. We can ride the price up till the 0.5 or 61.8 fib level and then go short. We can predict that the price will come down around our fib levels. We have 2 conformation to go short on that levels. 1.Rising Wedge Pattern 2.FIbonacci ret. Normaly we would short at 61.8 fib level but around 0.5 we have...
Price is retrecing to 38.2 fib level. right on 38.2 fib level we got previus major ressistence zone that has potential to become a support now. We can go long cuz we have 2 conformations for a buy. 1. Previus ressistence that can become support. 2. Price is retrecing to 38.2 fib level.
Price is forming Rising Wedge Pettern and it has potential to go down. We are almost at our 61.8 fib level and we can go short. We have 2 conformation that the price may go down. Rising Wedge Pettern and Fibonacci.
Price is forming rising wedge pettern. We got our fib levels in place. Price retreced to 61.8 fib level and from then price keeped going down. We can wait for break and retest for a Sell possision. Double conformation Reising wedge pettern and fib.