Technical Analysis
1. Forming a Large Pennant/Flag
2. Fibonacci Retracement Possibly at 0.786 (Silver Zone) Although it's in the "Silver Zone" I perceive the market to fall further because of BITCOIN which will more likely fall to AT LEAST 40,000 USD
3. 1st Safe Take Profit at Fibonacci Expansion Level 1 (Grey Zone) also at Flagpole length
4. RSI expected to reach oversold levels
Entry: 0.091
Take Profit: 0.54
EXPECTED Take Profit in August - September from the entry of 0.091
1. Forming a Large Pennant/Flag
2. Fibonacci Retracement Possibly at 0.786 (Silver Zone) Although it's in the "Silver Zone" I perceive the market to fall further because of BITCOIN which will more likely fall to AT LEAST 40,000 USD
3. 1st Safe Take Profit at Fibonacci Expansion Level 1 (Grey Zone) also at Flagpole length
4. RSI expected to reach oversold levels
Entry: 0.091
Take Profit: 0.54
EXPECTED Take Profit in August - September from the entry of 0.091
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.