Price recently bounced off 1680 that has acted as a long term support level several times since 2021 and closed just under the .23 fib level.
As the MACD crosses and the 3 day Force index begins to rise I would like to see a close above the .23 fib level to confirm a reversal. In the short termI anticipate a move to 1758, followed by a rise up the Fibonacci levels to 1931, which is the POC, the price at which most trades were made in the last 12 months.
target: $1931
As the MACD crosses and the 3 day Force index begins to rise I would like to see a close above the .23 fib level to confirm a reversal. In the short termI anticipate a move to 1758, followed by a rise up the Fibonacci levels to 1931, which is the POC, the price at which most trades were made in the last 12 months.
target: $1931
