On the 4hr chart we see the Cup Handle Pattern emerging.
46K Resistant is rejected.
Downtrend continues to retest 39K and further drop to 37K and 34k
This sets ups the perfect 50% normal retracement on Fibonaaci Levels of the All Time High 69k on Yearly Timeframe.
46K Resistant is rejected.
Downtrend continues to retest 39K and further drop to 37K and 34k
This sets ups the perfect 50% normal retracement on Fibonaaci Levels of the All Time High 69k on Yearly Timeframe.
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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.