As you may notice, price action has been defined within the large yellow triangle since our low of Dec 2018. Currently price rests on the critical 45 deg time line, which has acted as support even at the beginning of the bull run. Also holding the .618 Fib. So the question remains which black lined area will price gravitate to, will it be up or down or both?
Please place your comment in the box below.
My personal opinion is both, l think we may go higher shortly, be rejected at the .382 fib level at best and create a lower high before bottoming out.
Please place your comment in the box below.
My personal opinion is both, l think we may go higher shortly, be rejected at the .382 fib level at best and create a lower high before bottoming out.
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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.