PROS
- Rejection of 0.618 retracement level
- Stoch RSI oversold on monthly, weekly, daily.
- Rejection of horizontal resistance
- Rejection of upward sloping trendline
- Reversal candle pattern
CONS
- Trading against the trend
- Trading toward key EMA's
TARGET
0.68562 - 0.618 retracement from previous swing low to latest high.
This retracement ties in with daily 50EMA
- Rejection of 0.618 retracement level
- Stoch RSI oversold on monthly, weekly, daily.
- Rejection of horizontal resistance
- Rejection of upward sloping trendline
- Reversal candle pattern
CONS
- Trading against the trend
- Trading toward key EMA's
TARGET
0.68562 - 0.618 retracement from previous swing low to latest high.
This retracement ties in with daily 50EMA
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.
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.