Is price bouncing up from lower channel ?
There are 2 scenarios.
If it breaks down from the lower channel, it would test the 618 FIB level and hopefully have a rebound.
If not, it may rebound from the lower channel and heads up.
Notice it is still in a bullish trend in the 4H chart.
Do not short unless you are clear what you are doing and have a strategy for it.
Best of luck to all
If it breaks down from the lower channel, it would test the 618 FIB level and hopefully have a rebound.
If not, it may rebound from the lower channel and heads up.
Notice it is still in a bullish trend in the 4H chart.
Do not short unless you are clear what you are doing and have a strategy for it.
Best of luck to all
Nota
the price has hit the 618 FIB level, watch out for possible rebound. Not likely based on current price action, wait and see, no hurry to buy
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Publicações relacionadas
Aviso legal
As informações e publicações não devem ser e não constituem conselhos ou recomendações financeiras, de investimento, de negociação ou de qualquer outro tipo, fornecidas ou endossadas pela TradingView. Leia mais em Termos de uso.