Fib levels are stacking up at these levels; geometry is also on our side.
Expect bounce from -
- .786% Fib
- Median line
- 1.272% extension of Y.
- Previous structural support and resistance.
- 200 Weekly EMA also lines up.
If volume spikes and we get a reaction, I believe we could have capitulation.
Proceed with caution.
Expect bounce from -
- .786% Fib
- Median line
- 1.272% extension of Y.
- Previous structural support and resistance.
- 200 Weekly EMA also lines up.
If volume spikes and we get a reaction, I believe we could have capitulation.
Proceed with caution.
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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.