Looks like ALGO could bounce here. Currently fighting to retake the 50EMA on the 4-Hour chart.
Strong resistance area overhead (green shaded zone). If bulls can break this then the 0.382 fib level and upper channel resistance will be key areas to watch.
Expecting a retracement to the 0.236 fibonacci level if the breakout is successful, before a correction.
Strong resistance area overhead (green shaded zone). If bulls can break this then the 0.382 fib level and upper channel resistance will be key areas to watch.
Expecting a retracement to the 0.236 fibonacci level if the breakout is successful, before a correction.