reef near the bottom of the descending channel
should the market turn I would expect reef to challenge the resistance line
should resistance be broken then a visit to the top of the channel is possible
if the top of channel can be broken then reef could visit fib targets .10 / .20 / .50
should the market turn I would expect reef to challenge the resistance line
should resistance be broken then a visit to the top of the channel is possible
if the top of channel can be broken then reef could visit fib targets .10 / .20 / .50
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Related publications
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.