After the strong bounce on the support at 0.618 where are going price ?
On up it can make another leg up (green line) to reach maybe the channel line
or
If goes to the 0.5 - 0.618 retracement and make a pullback on extension we can have a Gart Pattern complet (blue line) for a bounce setup
or
anything else :_)
For now price has been stopped at tje 0.382 retracement and 233 EMA. I will look on lower time frame for more close evolution of price
Trade your plan
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On up it can make another leg up (green line) to reach maybe the channel line
or
If goes to the 0.5 - 0.618 retracement and make a pullback on extension we can have a Gart Pattern complet (blue line) for a bounce setup
or
anything else :_)
For now price has been stopped at tje 0.382 retracement and 233 EMA. I will look on lower time frame for more close evolution of price
Trade your plan
Thanks for clicking the like button. In case of another view, questions or comments ? share it with pleasure More ideas following. Click the follow button to keep updated when I publish new ideas or update already published ones. Thanks for your visit !
Update status