Finding better support and demand zone
3M general trend is still bullish but in order for a greater rally ahead, the market is currently showing signs of bearish correction.
- RSI showing strong bearish divergence.
- two potential demand zone spotted at 38.2% and 61.8% of the Fibonacci retracement.
- RSI showing strong bearish divergence.
- two potential demand zone spotted at 38.2% and 61.8% of the Fibonacci retracement.
Trade active
Price has entered my buying zone at 212.00! Price is expected to trend higher.
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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.