Plan A:
If it breaks the support zone and crosses the
0.78 Fib which is at around 176.87, then we can
take a long position as we will expect it to
go up to 182.89 which is a previous high of it
Plan B:
If it give respect to the resistance at 0.78 Fib
by producing a red candle and reversing,
then we can take a short with a TP of 0.5 Fib
at around 168.82 which is strong support
Follow if you want further analysis of different instruments ;)
Good Luck ;)
If it breaks the support zone and crosses the
0.78 Fib which is at around 176.87, then we can
take a long position as we will expect it to
go up to 182.89 which is a previous high of it
Plan B:
If it give respect to the resistance at 0.78 Fib
by producing a red candle and reversing,
then we can take a short with a TP of 0.5 Fib
at around 168.82 which is strong support
Follow if you want further analysis of different instruments ;)
Good Luck ;)
Note
Target Hit
Related publications
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.
Related publications
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.