Upon closer examination, all the euphoria and excitement chasing the price makes one lose their focus and get confused. Day chart is down, bearish.
1H chart shows a false breakout to attract the late buyers only to return them the favour of a lower price point from their entry. Result = Loss. Now is hovering at the support level of the 50% FIB level, if it breaks above like the previous attempts or disappoints the bulls camp and heads south.
I prefer south for now, how about you?
1H chart shows a false breakout to attract the late buyers only to return them the favour of a lower price point from their entry. Result = Loss. Now is hovering at the support level of the 50% FIB level, if it breaks above like the previous attempts or disappoints the bulls camp and heads south.
I prefer south for now, how about you?
Comentário:
beautifully executed, it touches exactly at the 786 FIB level and rebound. more to come, i expect