Price is approaching its 1st resistance (61.8% Fibonacci extension, horizontal swing high resistance, 38.2% & 76.4% Fibonacci retracement) where it is expected to reverse down to its support (horizontal swing low support,61.8% Fibonacci retracement,23.6% Fibonacci retracement).
Stochastic (89, 5, 3) is approaching its resistance where a corresponding reversal is expected
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This analysis is provided as general market commentary and does not constitute investment advice. Past performance is not indicative of future results
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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.