SXP price looks like bearish under fib 0,618 0,6430 level and 1 hour trendline and 50 EMA.
However the price is getting a support zone around 0,618 level.
I am waiting for a bullish triangle breakout over 0,6430.
Possible target level may be 0,70 for 1 hour chart.
However the price is getting a support zone around 0,618 level.
I am waiting for a bullish triangle breakout over 0,6430.
Possible target level may be 0,70 for 1 hour chart.
Note
Support zone was broken by sellers price went to another support level.
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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.