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Our last analysis we took a look at price and we decided that price could be retracing back down to our 38.2% FIB level where we got confluence with our daily support (26371). That was our first indication we could be seeing a retracement to that level.
But to add to that, that 38.2% level could be the area price decides to continue its upward momentum. Our second scenario is price breaking the daily support (26371), test that or pull back that same support now resistance level, and continue back down to either find support or the next FIB level.
Leave us a comment or like to keep our content available to all.
Have a great week everyone!
Our last analysis we took a look at price and we decided that price could be retracing back down to our 38.2% FIB level where we got confluence with our daily support (26371). That was our first indication we could be seeing a retracement to that level.
But to add to that, that 38.2% level could be the area price decides to continue its upward momentum. Our second scenario is price breaking the daily support (26371), test that or pull back that same support now resistance level, and continue back down to either find support or the next FIB level.
Leave us a comment or like to keep our content available to all.
Have a great week everyone!
