Trendline and Fibnonacci in play
The chart is pretty explanatory! All trendlines point to one point on the chart. TP 1.2970
Looking at this daily chart, you will observe that anytime the price is rejected at the upper orange trendline, it consolidates to touch the lower orange trendline. I see the same scenario happening here after the price is rejected at the top orange trendline on Nov 11th.
Feel free to leave a comment and like
Looking at this daily chart, you will observe that anytime the price is rejected at the upper orange trendline, it consolidates to touch the lower orange trendline. I see the same scenario happening here after the price is rejected at the top orange trendline on Nov 11th.
Feel free to leave a comment and like
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