Friday ended with a hanging man on the highs.
Attention to the next few days. A 12% drop could begin until the last gap opened near the 2,618 Fibonacci area.
Attention to the area 3210-3205 which will be an important support.
The US economy remains strong, this could only be a technical descent to increase long positions.
The 12% drop is very deep, I don't know how many possibilities it has to happen but we cannot rule out anything.
Attention to the next few days. A 12% drop could begin until the last gap opened near the 2,618 Fibonacci area.
Attention to the area 3210-3205 which will be an important support.
The US economy remains strong, this could only be a technical descent to increase long positions.
The 12% drop is very deep, I don't know how many possibilities it has to happen but we cannot rule out anything.
Trade active
Look 2870. Is 0,5 Fibonacci level on monthly chart. Perfectly on the median of the bullish fork.Trade closed: target reached
Ok. very good work.
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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.