AERGO as expected bounced up to top of channel but failed to reach fibb 1.272 target range. We got very nasty rejection from top of channel and it's hard to say if we get one more push to try get fibb 1.272 target.
My guess is as long as we stay above fibb 0.5 (0.17$) we have chance for one more push higher - especially as we are still not overbought or have any signs of bearish divergence (even on lower timeframes). If we get one more push higher make sure to secure profits on time as it will be over faster than you can think - you can see how it moves 1 crazy candle up next candle 100% retrace....
My guess is as long as we stay above fibb 0.5 (0.17$) we have chance for one more push higher - especially as we are still not overbought or have any signs of bearish divergence (even on lower timeframes). If we get one more push higher make sure to secure profits on time as it will be over faster than you can think - you can see how it moves 1 crazy candle up next candle 100% retrace....
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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.