Swing short idea based on Price action, Support/Resistance and Fibonacci.
Two scenarios:
-We will have a relief rally towards 6.18 Fibonacci ratio. Moreover, Yearly Open may act as resistance and will trigger a continues breakdown.
- Weekly Open will not hold and we will continue breakdown towards weekly support
Two scenarios:
-We will have a relief rally towards 6.18 Fibonacci ratio. Moreover, Yearly Open may act as resistance and will trigger a continues breakdown.
- Weekly Open will not hold and we will continue breakdown towards weekly support
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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.
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.