Technical Analysis
1. Large Head & Shoulders
2. Fibonacci Retracement at 0.618 (Golden Zone)
3. Pennant/Falling Wedge
4. 1st Take Profit will hit the key Impulse of the massive sell (Some resting sell orders will be there hence pushing the price down which would
create a breakout and retest of Head & Shoulders formation) - Note that the 1st Take Profit Level is also at Fibonacci Expansion Level 1 (Grey Zone)
which is good for safe take profit
1st Take Profit: 3.0000
Re-Entry: 1.9000
2nd Take Profit: 4.1000
1. Large Head & Shoulders
2. Fibonacci Retracement at 0.618 (Golden Zone)
3. Pennant/Falling Wedge
4. 1st Take Profit will hit the key Impulse of the massive sell (Some resting sell orders will be there hence pushing the price down which would
create a breakout and retest of Head & Shoulders formation) - Note that the 1st Take Profit Level is also at Fibonacci Expansion Level 1 (Grey Zone)
which is good for safe take profit
1st Take Profit: 3.0000
Re-Entry: 1.9000
2nd Take Profit: 4.1000
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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.
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.