Is this the beginning of the second round?
I think it is too early to make a decision and I will only express my observations
We saw a sharp drop in prices
Then we saw the price correction to the 618-Fib and a little higher than that.
Can be expected to drop to 1.236 or 1.382 Fib Extension.
The reverse cup & handle pattern is evident.
sma-50 and sma-200 are moving towards each other (as if they are meeting)
It is currently testing ema-20
A CME-GAP is filled and the other remains
possible Targets have been identified on the chart
We saw a sharp drop in prices
Then we saw the price correction to the 618-Fib and a little higher than that.
Can be expected to drop to 1.236 or 1.382 Fib Extension.
The reverse cup & handle pattern is evident.
sma-50 and sma-200 are moving towards each other (as if they are meeting)
It is currently testing ema-20
A CME-GAP is filled and the other remains
possible Targets have been identified on the chart
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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.