I'm bullish for reasons:
1. It's a retracement after the previous uptrend and it bounced between .382 and .5 RED fib
2. Creates Bullish Divergence in 4H
3. HL on Price and LL on RSI for Daily which is a sign of trend continuation
4. HH for 1H and testing previous LH as resistance
5. Buy volume is almost average volume in 4H
6. Doji in Daily
Price can go lower between .5 and .618 RED fib and still a good area to buy.
If price falls below .618 and turns resistance, we'll be bearish.
Targets:
TP1: .5 Blue Fib
TP2: .382 Blue Fib
TP3: .382 Red Fib Ex (2000)
Private Charts can be accessed here: pastebin.com/TfJD0rJJ
Note: I don't put too many lines in my latest charts than my previous as LESS is MORE.
Disclaimer: I am not qualified to offer investment, legal, or any other advice nor am I trying to do so.
All my posts are my own opinion and any decisions, investments, or risks you take as a result of following
my posts are your own responsibility.
I cannot be held responsible for any decisions you make as a result of following my posts.
1. It's a retracement after the previous uptrend and it bounced between .382 and .5 RED fib
2. Creates Bullish Divergence in 4H
3. HL on Price and LL on RSI for Daily which is a sign of trend continuation
4. HH for 1H and testing previous LH as resistance
5. Buy volume is almost average volume in 4H
6. Doji in Daily
Price can go lower between .5 and .618 RED fib and still a good area to buy.
If price falls below .618 and turns resistance, we'll be bearish.
Targets:
TP1: .5 Blue Fib
TP2: .382 Blue Fib
TP3: .382 Red Fib Ex (2000)
Private Charts can be accessed here: pastebin.com/TfJD0rJJ
Note: I don't put too many lines in my latest charts than my previous as LESS is MORE.
Disclaimer: I am not qualified to offer investment, legal, or any other advice nor am I trying to do so.
All my posts are my own opinion and any decisions, investments, or risks you take as a result of following
my posts are your own responsibility.
I cannot be held responsible for any decisions you make as a result of following my posts.
Note
Price reached the .618 area and good buy zone. It should retest .5 RED Fib as resistance before going upwards.Note
Bounced @ .618 RED Fib and created HH in 4H and retested .5 RED Fib as resistance. Currently retracing .5 and .618 YELLOW Fib which is a good buying zone.
Target is .618 BLUE and .382 RED Fib
tradingview.com/x/ZdTZIKcI/
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.
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.