I'm bullish for reasons:
1. Weekly Cup & Handle
2. Weekly HK Doji signs of reversal
3. Price breaks the 0.5 RED resistance and hopefully will hold as support
4. Bullish Divergence already played out (inside vertical lines)
5. S&R Flip (resistance becomes support to hold the Handle in the Cup
Buy Area @ 0.382, 0.5, 0.618 RED Fib
Stop below 0.618 BLUE Fib
Targets @ 0.236, 0.382, 0.5, 0.618 RED FibEx
1. Weekly Cup & Handle
2. Weekly HK Doji signs of reversal
3. Price breaks the 0.5 RED resistance and hopefully will hold as support
4. Bullish Divergence already played out (inside vertical lines)
5. S&R Flip (resistance becomes support to hold the Handle in the Cup
Buy Area @ 0.382, 0.5, 0.618 RED Fib
Stop below 0.618 BLUE Fib
Targets @ 0.236, 0.382, 0.5, 0.618 RED FibEx
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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.
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.