It has hit the lowest level in recent years and the last time it hit those levels it was in 2013 and there was a rally on the upside.
The trend line is also showing evidence that its getting tighter if it breaks that trend line expect a huge rally on the upside. I will leave my order above the current bar and hold this position till it reaches the 61.8% Fibonacci level.
The trend line is also showing evidence that its getting tighter if it breaks that trend line expect a huge rally on the upside. I will leave my order above the current bar and hold this position till it reaches the 61.8% Fibonacci level.