CHANNEL EXTREMES
As projected on previous analysis few weeks back, Price was rejected at our supply zone then plummeted.
Now price rallied for retracement of our previous sell off at our 78.6% fib retracement.
Projection would be price will continue to drop down to our Lower extremity of our channel then go for another rally that will break our Supply zone.
A safe bet would be to enter LONG at our lower extremity of our channel for better risk reward ratio.
Now price rallied for retracement of our previous sell off at our 78.6% fib retracement.
Projection would be price will continue to drop down to our Lower extremity of our channel then go for another rally that will break our Supply zone.
A safe bet would be to enter LONG at our lower extremity of our channel for better risk reward ratio.
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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.
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.