Hi, So as we can see, price has reacted to our 241.4 fib and retraced lower to 261.8 . if we will break 261.8 our target is as shown on the image.
This information is not a recommendation to buy or sell. It is to be used for educational purposes only.
This information is not a recommendation to buy or sell. It is to be used for educational purposes only.
Note
After breaking our support at 261.8 fib, the market is retesting it as resistance, target will be reached soon, only break of 146.1 resistance would cancel bearish scenario.
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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.