US30 ANALYSIS 28.02.2024
1) Structure still shows a downtrend, but the AO indicates a potential higher low (HL), raising the question of whether this signals a bullish divergence.
2) If divergence occurs, I'll seize the opportunity to look for buying levels.
3) I rely on Fibonacci extensions to identify buy levels, particularly at 1.236 and 1.618 levels, which coincide with trendlines and Support and Resistance (SnR) zones.
2) If divergence occurs, I'll seize the opportunity to look for buying levels.
3) I rely on Fibonacci extensions to identify buy levels, particularly at 1.236 and 1.618 levels, which coincide with trendlines and Support and Resistance (SnR) zones.
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.