RIF's brief analysis. Fib's correction
Hello, dear TradingView members.
This is a RIF idea.
As you can see, after a significant price rise in the one-hour time frame, RIF is now in a price correction. According to the intersection of fib retracement levels and static lines, the specified range can stop the fall and suffer. Then, we can expect a temporary rise by stabilizing the price in that range. In case of other behavior, we will update the chart.
RSI is near the neutral area, so the price has room to go down.
Now let's see your ideas. Let's have a discussion.
Let me know if you guys have any questions;
I will be more than happy to help.
Good luck, and thank you.
This is a RIF idea.
As you can see, after a significant price rise in the one-hour time frame, RIF is now in a price correction. According to the intersection of fib retracement levels and static lines, the specified range can stop the fall and suffer. Then, we can expect a temporary rise by stabilizing the price in that range. In case of other behavior, we will update the chart.
RSI is near the neutral area, so the price has room to go down.
Now let's see your ideas. Let's have a discussion.
Let me know if you guys have any questions;
I will be more than happy to help.
Good luck, and thank you.
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