The last high broke the trend of the previous and clearly showed a potential reversal risk, this based that prices went from a more vertical to a total horizontal trend, which then corrected and confirmed a strong resistance level. Bulls where not able to continue and make a positive retest. A positive bounce back from the pivot zone could have indicate that prices where ready to retest support, however we broke different fibonacci levels and we might continue to the 78,60 % which I am nearly 100 % sure prices will not continue to fall, due to fundamental forecast and growing boom of cryptocurrencies.
A buy order might be considered at the fibonacci 78,60
and SP at the 100% Fibonacci levels.
Like, follow my page for more daily news,
Take care, be significant minded when trading and regards,
Kevin C. Best
A buy order might be considered at the fibonacci 78,60
and SP at the 100% Fibonacci levels.
Like, follow my page for more daily news,
Take care, be significant minded when trading and regards,
Kevin C. Best