the detail is shown in the above Idea.
I made this Idea based on Candlestick Analysis and Fibonacci Tool.
buyers are burned in black rectangle (0.5- 0.618 golden level retracement )
therefore we can expect that CHN50 index decrease step by step to 1.27 F or 1.618 F.
I made this Idea based on Candlestick Analysis and Fibonacci Tool.
buyers are burned in black rectangle (0.5- 0.618 golden level retracement )
therefore we can expect that CHN50 index decrease step by step to 1.27 F or 1.618 F.
Comment:
CHN50 retest black region .
Trade closed: target reached:
TP1 TOUCHED
BUY ORDER FROM 1.27 TO 1 Is a Good Option
BUY ORDER FROM 1.27 TO 1 Is a Good Option
Trade closed: target reached
Comment:
bullish butterfly pattern
Fibonacci ratios are one of the most powerful and easiest trading tools in your investor’s toolbox. It provides excellent guidance for when a trend will end and reverse course.
GOOD LUCK.
SEYED.
GOOD LUCK.
SEYED.