Price failed to bounce a third time in the 'descending channel', instead it broke higher making a new high and what looks like a higher low. also a retest of the upper channel.
I will be looking to enter from the green zone which also lines up with the 61.8% Fibonacci level, with my initial target at the -61.8% level (closing partials on the way)
-on this chart i have placed a few small arrows at areas where price has shown strong bullish moves,
I have also placed support and resistance areas which i think may become well respected areas over the next week or two.
I will be looking to enter from the green zone which also lines up with the 61.8% Fibonacci level, with my initial target at the -61.8% level (closing partials on the way)
-on this chart i have placed a few small arrows at areas where price has shown strong bullish moves,
I have also placed support and resistance areas which i think may become well respected areas over the next week or two.