On the daily timeframe;
I see the flag pattern,
which, by forming a triangle, the price broke its lower side
and after hitting the Fibonacci level 0.618 (2606), it had a pullback
which in my opinion is a complete pullback and I expect the downtrend to continue
On the other hand:
Although the price is on dynamic support, and MA20 on the weekly timeframe,
The price is in the range area, below the very strong resistance area
a zone that in the past weeks, was very strong as support
and for a long time the price was limited in it
Therefore, I do not think the price can easily move above this area (2625-2634)
Target 1: 2601
Target 2: 2591.5
Target 3: 2576
*Be profitable
Thank you for expressing your opinion by liking and commenting
I see the flag pattern,
which, by forming a triangle, the price broke its lower side
and after hitting the Fibonacci level 0.618 (2606), it had a pullback
which in my opinion is a complete pullback and I expect the downtrend to continue
On the other hand:
Although the price is on dynamic support, and MA20 on the weekly timeframe,
The price is in the range area, below the very strong resistance area
a zone that in the past weeks, was very strong as support
and for a long time the price was limited in it
Therefore, I do not think the price can easily move above this area (2625-2634)
Target 1: 2601
Target 2: 2591.5
Target 3: 2576
*Be profitable
Thank you for expressing your opinion by liking and commenting
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.
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.