UJ Swing
DAILY: price is in an uptrend, pulled back to 38.2 on the daily fib. and continued in upward, then, broke through for the sell. There's also bearish divergence on the RSI.
4HR: price is in a downtrend, bounced off support to retrace to 50% on the 4HR Fib and broke through the 4HR trendline. RSI is showing bullish divergence.
I'm looking for price to retest the daily trendline and make it's way down to -27 on the 4HR fib
(50 - 300 pips)
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.