On the hourly timeframe the major swings are overlapping which might mean price is in a corrective face and yet to continue falling.
But alternatively price might be forming a 1-2 1-2 type of a movement which signals an extension to follow.
At the moment I am expecting price to correct and at least find support at the 78.6% fibonacci level of support.
A happy trading to you all.
God Bless You.
But alternatively price might be forming a 1-2 1-2 type of a movement which signals an extension to follow.
At the moment I am expecting price to correct and at least find support at the 78.6% fibonacci level of support.
A happy trading to you all.
God Bless You.
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Related publications
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.