IMP Fibonacci levels on the weekly time frame. With Pivot points
Respecting 20 EMA for now.
Long: must close above last week close (with good volume) / above last week high.
Short: Breaking 20 EMA and last week low may touch 509 further weakness may lead to 447 strong support.
May retrace from 530 in near term > Breaking of the trendline on candlestick activate short
Respecting 20 EMA for now.
Long: must close above last week close (with good volume) / above last week high.
Short: Breaking 20 EMA and last week low may touch 509 further weakness may lead to 447 strong support.
May retrace from 530 in near term > Breaking of the trendline on candlestick activate short