Wednesday, 12 October 2022
22:46 PM (WIB)
As seen on the chart, on 12 Oct ’22 from 17.00 PM to 21.00 PM prices start falling down and exiting from the Rising Wedge Formation.
Bears success to push the price down and now stand above the MA50D in a daily trading session. The move just touched 38.2% FR.
The question is:
Where are the Bulls? Why do they keep the price falling to 38.2% FR?
So, the Bulls have abandoned and let the Bears take control to move down to 38.2% FR.
Is it going to fall to 61.8% FR? Or move back to the Ancient Support Lines from 2020?
22:46 PM (WIB)
As seen on the chart, on 12 Oct ’22 from 17.00 PM to 21.00 PM prices start falling down and exiting from the Rising Wedge Formation.
Bears success to push the price down and now stand above the MA50D in a daily trading session. The move just touched 38.2% FR.
The question is:
Where are the Bulls? Why do they keep the price falling to 38.2% FR?
So, the Bulls have abandoned and let the Bears take control to move down to 38.2% FR.
Is it going to fall to 61.8% FR? Or move back to the Ancient Support Lines from 2020?