On a 15M and 1H chart we have a bearish chart pattern (must be confirrmed
Price is currently at 50% Fibonacci retracement area (Filtered to 15M timeframe)
in a relation to previous swing Down
Breakout entry can be placed at the level shown on chart
"P.S.: Current short term analysis can look opposite to what I have posted of a higher grade. It happens because I’m reacting to a current market conditions, as big changes are starting with small. Also entry level on a higher grade chart can be a target on a lower grade chart"
"Any questions are welcome!!! just write down in comments. Your likes are much appreciated."
Price is currently at 50% Fibonacci retracement area (Filtered to 15M timeframe)
in a relation to previous swing Down
Breakout entry can be placed at the level shown on chart
"P.S.: Current short term analysis can look opposite to what I have posted of a higher grade. It happens because I’m reacting to a current market conditions, as big changes are starting with small. Also entry level on a higher grade chart can be a target on a lower grade chart"
"Any questions are welcome!!! just write down in comments. Your likes are much appreciated."
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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.