Over a period of at the most 24 hrs we should see her hit the support line that coincides with the 1.272 marker on The Fib.
See how the 2 downward trendlines meet at exactly that point, expect to see a slight pullback/retracement within the 1st triangle as it trisolidates (tries to consolidate) but be quick if you are planning a long trade as it will go short swiftly to the support line, as will i.
See how the 2 downward trendlines meet at exactly that point, expect to see a slight pullback/retracement within the 1st triangle as it trisolidates (tries to consolidate) but be quick if you are planning a long trade as it will go short swiftly to the support line, as will i.
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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.