Entering a new month - expecting an overall downward pressure on prices. The market has retraced already beyond 50% of the last uptrend, and would expect to see some profit taking at 61.8% level.
Expectations %
June bullish: 20%
June bearish: 40%
June ranging: 40%
**Please note the above material is for educational purposes only and not suitable for advise or for use of trading decisions**
Expectations %
June bullish: 20%
June bearish: 40%
June ranging: 40%
**Please note the above material is for educational purposes only and not suitable for advise or for use of trading decisions**
Not
Having revisited this study - I have seen the 61.8% level was a buy region. The month of June kept trading in the expected trading range between 50% and 61.8% until the 19th, which was then followed by the strong rally. The 61.8% was tested a few more times - wonder if there is a next time: will sellers manage to sell through it?
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.