What you see here is a very strong point of confluence on
TNA (3x Russell). We have proven fib levels (note the effectiveness of the 50% retrace, previously).
We are coming up on the 61.8 retrace, which is the bottom of a 3 wave down channel
It is intersected by long-term lower trendline.
This is where you go long.
We are coming up on the 61.8 retrace, which is the bottom of a 3 wave down channel
It is intersected by long-term lower trendline.
This is where you go long.
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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.