what information did the crazy run
Updated
such crazy behavior deserves a special analysis
on the left the 4 hour chart
on the right the 15 minitos (LOL)
in my opinion this big move will not be easy to reverse for the bears, time in which they can recover their strength and return to attack and with another movement to leave them definitely out of the game (dreaming is free)
in the graph some control points to observe
on the left the 4 hour chart
on the right the 15 minitos (LOL)
in my opinion this big move will not be easy to reverse for the bears, time in which they can recover their strength and return to attack and with another movement to leave them definitely out of the game (dreaming is free)
in the graph some control points to observe
- The black line was the historic support of the rally that began on April 8, now it is our resistance
the crazy race managed to play the 0.5 of the fibonacchi (red) created since the last historical maximum of March 20, now it is our first objective
After reaching this maximum in the new fibo (blue) I already managed to revert to 0.61 and marks a second attractive resisrtence zone next to the 0.78 of the fibo (red). I mean a great support
we also see that after the reboter to zone 0.61 the zone 0.5 (blue) has already been served twice as a temporary support
I believe that in the following hours we will see a lateral movement with slight upward trend, which will create a nice flag, this will give time for the indicators to return to normal
think today it will not come down from the 1.15 the red zone
Comment
flag its broken UP reach the first target (0.5 red):)
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.