Simple Idea!
Channel is just to illustrate the move up. Fib drawn from swing low in June till swing high in October!
Yesterday Nov 14 price tested the 50% area which is not really a Fib number
Perhaps price will 'try' and test the 0.618 golden Fib level, before shooting up to make new ATH
Especially in light of Fed Chairman's speech yesterday where he took a 'hawkish' stance IMHO!
What do you think? please share!
Channel is just to illustrate the move up. Fib drawn from swing low in June till swing high in October!
Yesterday Nov 14 price tested the 50% area which is not really a Fib number
Perhaps price will 'try' and test the 0.618 golden Fib level, before shooting up to make new ATH
Especially in light of Fed Chairman's speech yesterday where he took a 'hawkish' stance IMHO!
What do you think? please share!
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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.