As you can see, we are raging between the 4h 200 MA and the .618 fibo sup.
What you will do?
Short the 200 ma or long the .0618? Or will some fishy being try to suprise us?
Good Morning all,
After yesterday plunge we are now licking the wounds or celebrate the victory (depends if you were ready or not to play this market).
If we measure that descending triangle and just to be pure, the measured move would be on the 5.4k region, but I think that we will bounce back prior to that!
Short/Medium term:
1. Testing the .5 fib - 8713...
Hey all,
Following my previous analysis, we saw that the price hovers around the 0.382% of the drawn Fibonacci.
For me currently is a no trade zone, as the risk out pays the reward, so let´s take a closer look regarding the prices that we can expect on the a breakout, either up or down.
As you can see on the chart, we can expect the following: (this is simple...