As u can see i have drawn out Fibonacci retracement from last years high to low we had in April this year.
you can see the bulls have failed to get above the the price of 709.2 and is now showing a bearish outlook.
There is support at 223.4 back in 2009 when bulls sharply bounced off wait for price to develop before going long at the support .
you can see the bulls have failed to get above the the price of 709.2 and is now showing a bearish outlook.
There is support at 223.4 back in 2009 when bulls sharply bounced off wait for price to develop before going long at the support .
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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.