The price is making resistance at the 50% of the structure 123 between point 1 and 2. If we draw the fib retracement between point 1 and 2 the price is making resistance at the 0,618 level.
If this resistance holds without breaking point 2 we will see a lower low below point 3.
In trading words it would be logical to sell now at the resistance with target at 1,618 level of fib expansion between point 2 and 3.
On the other side, the break up at point 2 would be an opportunity to buy with target at 1,618 level of the fib retracement.
Ckeck your information and match it with this idea. Good luck.
If this resistance holds without breaking point 2 we will see a lower low below point 3.
In trading words it would be logical to sell now at the resistance with target at 1,618 level of fib expansion between point 2 and 3.
On the other side, the break up at point 2 would be an opportunity to buy with target at 1,618 level of the fib retracement.
Ckeck your information and match it with this idea. Good luck.
