Using trend lines and fibonacci retracement scale on the 1 hour chart.
I was glad to be wrong about the previous idea but it hasnt broken out of that trend yet. On this time frame it's finding resistance at consecutively higher fib levels and breaking through after retracing and resisting the next lower level.
Let's hope this trend continues.
I was glad to be wrong about the previous idea but it hasnt broken out of that trend yet. On this time frame it's finding resistance at consecutively higher fib levels and breaking through after retracing and resisting the next lower level.
Let's hope this trend continues.
