Retrace to Fib .5 (1230)
We are testing the .75 Fib today. With a clean break, there isn't much resistance to the .5 Fib around 1230.
Invalidate with consecutive daily closes below 1176.4
Invalidate with consecutive daily closes below 1176.4
Note
Clear break of the .75 Fib. Should see a run to 1230 now over the next few days
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.