On the monthly we are still in a current fib sequence.
There was a shallow retracement to the 23.6 and price stalled at the 1.27 D extension.
Typically, we could see a deeper retracement atleast to the monthly 38.2.
If price holds resistance and swing high is formed at current 61.8 retracement level on down fib, I believe we could see price drop another ~615 pips to reach monthly 38.2,
Price will need to break last low of .71000 for this to happen.
There was a shallow retracement to the 23.6 and price stalled at the 1.27 D extension.
Typically, we could see a deeper retracement atleast to the monthly 38.2.
If price holds resistance and swing high is formed at current 61.8 retracement level on down fib, I believe we could see price drop another ~615 pips to reach monthly 38.2,
Price will need to break last low of .71000 for this to happen.
Not
It looks like price is finishing a flat.I anticipate price to move up ~100 to 150 pips before a selling opportunity is presented.
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Feragatname
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, işlem veya diğer türden tavsiye veya tavsiyeler anlamına gelmez ve teşkil etmez. Kullanım Şartları'nda daha fazlasını okuyun.
İlgili yayınlar
Feragatname
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, işlem veya diğer türden tavsiye veya tavsiyeler anlamına gelmez ve teşkil etmez. Kullanım Şartları'nda daha fazlasını okuyun.