take a look at the new posted tool and how the bounce ended right at the 50% of the last swing
A classic and simple technical set up-Playing the 50% Fib Level at $56.95. Pivot Point is $57.11, if we can hold below this level, especially because of the fundamentals that came out on 11.14.19, we might see price revisit $54-$51. My long term TP is $47. I will monitor the trade by keeping up to date with the fundamentals. Stay tuned for updates. Remember...
The cable has stopped its C correction wave right on 50% Fibonacci retracement of the first Impulse in h4 chart; we can clearly see a Cypher pattern, now price is in PRZ and there are good chances for an upside movement until 1.2390; in h1 chart Rsi has just crossed 50;today USA data were mixed and the inflation CPI meets the forecast but 1.8% is STILL UNDER FED...