Hourly chart showing retracement to Hourly DZ (orange). If hourly bar closed below 88.83 then price should fall to wkly dz at 63.73.
Note
So far prediction is on track. Zoom into hourly time frame there are two good DZ's which line up .5 and .618 fib retrace. Price should bounce from these DZ's but since Hourly trend is down, the bounce should not create new high. Rather they make great short entries. see link to hourly chart
Joe
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Joe
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.