D has to stay above X (554.45) for this bullish bat to be valid.
Potential reverals zone (PRZ) is therefore between the X level and
the required minimum retracement of 0.886 of XA.
First target: 604 but it should go higher after a 25% retracement
Potential reverals zone (PRZ) is therefore between the X level and
the required minimum retracement of 0.886 of XA.
First target: 604 but it should go higher after a 25% retracement
I hope that you're right!!
If bulls mange to hold price above that level for one or two
consecutive 4h candles I'd say it's a buy :)
Is anyone else noticing how ridiculously oversold the Stoch RSI is on the daily?
to get some bear targets you can draw some fib extensions or watch some already existent fib levels. for example X is sitting right on the 0.382 retracement of the whole run up since April. it should hold : ]
as of now, I'd let it settle down a bit and rebuy at 581-578
I believe we will retest 555 again. What do u think?