hello. in this TA I used fibonacci retracement, trend channel, horizontal support and resistance line to predict price action.
1. 0.618 level ( Fib A) has been tested two times and closed above it. this level also the first support on channel 1 which might confirm 0.618 level (fib A) as a strong support.
2. if 0.618 level (fib A) hold and price break up through 0.382 level ( Fib B) then closed above it, target point will be 1.272 level ( Fib B). then, 1.618 level (Fib B) after minor retrace from 1.272 level ( Fib B).
please observe the candlestick formed near the fib line.
This is my prediction only. this is not financial advice. I'm still learning.
1. 0.618 level ( Fib A) has been tested two times and closed above it. this level also the first support on channel 1 which might confirm 0.618 level (fib A) as a strong support.
2. if 0.618 level (fib A) hold and price break up through 0.382 level ( Fib B) then closed above it, target point will be 1.272 level ( Fib B). then, 1.618 level (Fib B) after minor retrace from 1.272 level ( Fib B).
please observe the candlestick formed near the fib line.
This is my prediction only. this is not financial advice. I'm still learning.
Yorum:
Now, 0.236 level (fib B) has become support.