Looking at fibonnaci sequencing - We see an impulse move two - which is rather handsome.
Impulse move 2 respected fib level - 0.618 - then on this move I used the Fibonnaci extension and found the extension level that matched the 0.618.
This price level is on 470-482.
At this level I see a potential bearish move to the next liquid zone. - 433B.
Impulse move 2 respected fib level - 0.618 - then on this move I used the Fibonnaci extension and found the extension level that matched the 0.618.
This price level is on 470-482.
At this level I see a potential bearish move to the next liquid zone. - 433B.
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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.