The present trading channel is clearly bound by strong S/R. The bottom bound being ~8400, and the upper bound being around ~10500. Within this S/R channel, I overlaid a White FIB Chart. Using the FIB Chart, the price reversals of 2020 are easily visible.
Prediction: The current upward impulse will end around March 27 @ $9600
Reasoning: A strong S/R exists at the 38.2% FIB level ($9700). The white trend line of the FIB Chart intersects this strong S/R at this point.
The proof in the pudding, as time will tell. Do with this information as you wish. Final cliche: this is not investment advice.
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.