short is expected
intersection between the yellow, green and red lines.
Yellow line:
a very strong DAILY uptrend line (started from 19. Mar.20) which is broken and the price is actually bouncing on it after a pullback. so as the definition of a broken trend line, this line has the most important role here as a strong resistance.
Green line:
this is the 0.382 Fib retracement of the wave AB, which exactly intersects with the yellow line at a critical point.
Red line:
as it's shown on the chart, this is long-term support and resistance line which is acting as a resistance at this time.
the three possible targets are badged on the chart.
NOTICE: confirmation should be gotten from 4H TF in this analysis.
Goodluck...
Yellow line:
a very strong DAILY uptrend line (started from 19. Mar.20) which is broken and the price is actually bouncing on it after a pullback. so as the definition of a broken trend line, this line has the most important role here as a strong resistance.
Green line:
this is the 0.382 Fib retracement of the wave AB, which exactly intersects with the yellow line at a critical point.
Red line:
as it's shown on the chart, this is long-term support and resistance line which is acting as a resistance at this time.
the three possible targets are badged on the chart.
NOTICE: confirmation should be gotten from 4H TF in this analysis.
Goodluck...
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.