Zooming into the weekly timeframe at the previous' posts fibonacci extensions.
Another fib (fibception) retracement is lining up with the extensions.
Should we see these levels respected on this time frame then that would be confirmation to reverse from here.
Along with the uncertainty with regulations, we should expect some news to be a 'catalyst' for this kind of move.
Another fib (fibception) retracement is lining up with the extensions.
Should we see these levels respected on this time frame then that would be confirmation to reverse from here.
Along with the uncertainty with regulations, we should expect some news to be a 'catalyst' for this kind of move.
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.