we see from the 15-minute timeframe that the price is still falling quite strongly,
I predict that there will be a rejection of the fibonacci cluster accompanied by a reject at the dynamic support of the 200 ema.
to buy in this area is quite high risk, the safe option is to sell at the peak of the right shoulder formation with a fairly far target if it confirms making HnS can be up to 3250, and there is also still a gap below that has not been closed, the far target can be to close the gap at 3210.
for now we wait n see first, if indeed later buying is quite interesting then we take a buy after waiting for rejection and confirmation.
I predict that there will be a rejection of the fibonacci cluster accompanied by a reject at the dynamic support of the 200 ema.
to buy in this area is quite high risk, the safe option is to sell at the peak of the right shoulder formation with a fairly far target if it confirms making HnS can be up to 3250, and there is also still a gap below that has not been closed, the far target can be to close the gap at 3210.
for now we wait n see first, if indeed later buying is quite interesting then we take a buy after waiting for rejection and confirmation.
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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.