Hello to all readers!
Lately I came up with a new idea . It all started when I was looking through the graphs and saw a divergency (1H , 9-10 April) so then I decided that I would dig deeper into it and saw two more confirmations .
First, the price has just reached the 61.8 level of the retracement on DAILY chart, and so far it looks like a tough resistance line to me, also because it just bounced back
Secondly, the Fibonacci retracement level connects with the previous channel just perfectly, so it could also be a resistance .
Thank you for reading till the end, hope it works out just great for everyone . If you have any questions or any type of suggestions - let me know in the comments bellow, I will be looking forward to them .
Lately I came up with a new idea . It all started when I was looking through the graphs and saw a divergency (1H , 9-10 April) so then I decided that I would dig deeper into it and saw two more confirmations .
First, the price has just reached the 61.8 level of the retracement on DAILY chart, and so far it looks like a tough resistance line to me, also because it just bounced back
Secondly, the Fibonacci retracement level connects with the previous channel just perfectly, so it could also be a resistance .
Thank you for reading till the end, hope it works out just great for everyone . If you have any questions or any type of suggestions - let me know in the comments bellow, I will be looking forward to them .