The market is correcting and this is a good sign as we have more traders coming into the market and they are waiting to buy low. We were at a 200% fib extension - the retracement is predictable.
I'm looking at a fib extension of the last corrective wave after the move up - 127% this also happens to be support.
I have indicated my targets to scale my position. I am also watching for the $450 price zone to buy should price enter this level.
I'm looking at a fib extension of the last corrective wave after the move up - 127% this also happens to be support.
I have indicated my targets to scale my position. I am also watching for the $450 price zone to buy should price enter this level.
Not
We have tested the area indicated by the green line and the 127% held as support and the bulls have gained control.
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.
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.