Disregarding Macro outlook and all fundamentals.
TL Retest, also 61% retracement area.
Respected TL over a few instances, extra validation of TL through candle switches as price goes thru the trendline zone (pictured in blue boxes) along with wicks.
Price will no doubt find resistance at the 61.8% level.
Adding to this, a 2.5Standard Deviation Bollinger band has the upperband at this level.
Let me hear your thoughts. Opposing views welcomed. Check out my previous view linked below.
There are bearish views from this current level however, current momentum is on the buyside so I'll follow the money.
TL Retest, also 61% retracement area.
Respected TL over a few instances, extra validation of TL through candle switches as price goes thru the trendline zone (pictured in blue boxes) along with wicks.
Price will no doubt find resistance at the 61.8% level.
Adding to this, a 2.5Standard Deviation Bollinger band has the upperband at this level.
Let me hear your thoughts. Opposing views welcomed. Check out my previous view linked below.
There are bearish views from this current level however, current momentum is on the buyside so I'll follow the money.
Note
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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.