Tech and US indices short: Overbought and Fibonacci Retracement
Take a look at the 8 charts. The bottom shows 3 charts that hit various Fibonacci retracement levels.
For the indices, the recent high is still below the top and this session (22nd Aug 2024) should show bearish reversal candle. Based on this, we can chance a short with stop loss above today's high.
For the indices, the recent high is still below the top and this session (22nd Aug 2024) should show bearish reversal candle. Based on this, we can chance a short with stop loss above today's high.
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