If price retraces to 200-190, then it is good long term buy opportunity.
The reason behind it is following confluences:
1. FIB 50% retracement;
2. Monthly 20 EMA support;
3. Weekly demand zone;
4. 200 is good psychological number.
The reason behind it is following confluences:
1. FIB 50% retracement;
2. Monthly 20 EMA support;
3. Weekly demand zone;
4. 200 is good psychological number.
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.
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.