Possible Short or Long position
Major structure is on a downtrend.
1 hr Fib pulls back to 38 but could have pulled back to 61
Wait to see if it will go for a sell and go to -61 possibly past it to previous support by Daily tend line
or if it will go for a buy to -27 and reverses up to 1 hr trend line
1 hr Fib pulls back to 38 but could have pulled back to 61
Wait to see if it will go for a sell and go to -61 possibly past it to previous support by Daily tend line
or if it will go for a buy to -27 and reverses up to 1 hr trend line
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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.