Price Retracement has reached the Golden 618 Fibonacci Ratio Level with a bull flag.
Potential break out upside target, $9,045, @ the Golden 1.618 Fibonacci Ratio Level.
This leg up will be part of a mini parabola so price may pass the 1.618 and reach the 2.272 Fibonacci Level @ $9,405, if price doesn’t retrace at the 1.618.
Only trade the breakouts to be safe and not be sorry. Wait for confirmation of price direction prior to putting in your trade.
Remember to always, always place your stop loss at the appropriate levels immediately after you have put in your long/short position so as not to get stopped out at your trades.
>>>>> Always be prepared for either scenario of upwards movement, downwards movement, or sometimes even sideways movement (consolidation phase & sometimes even extended consolidation phases). <<<<<
Constructive and positive comments are welcome. Be courteous.
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Ron (The Intrepid Trader)
This is not financial advice. Do your own TA and use this chart to help you decide what trade you want to make.
Potential break out upside target, $9,045, @ the Golden 1.618 Fibonacci Ratio Level.
This leg up will be part of a mini parabola so price may pass the 1.618 and reach the 2.272 Fibonacci Level @ $9,405, if price doesn’t retrace at the 1.618.
Only trade the breakouts to be safe and not be sorry. Wait for confirmation of price direction prior to putting in your trade.
Remember to always, always place your stop loss at the appropriate levels immediately after you have put in your long/short position so as not to get stopped out at your trades.
>>>>> Always be prepared for either scenario of upwards movement, downwards movement, or sometimes even sideways movement (consolidation phase & sometimes even extended consolidation phases). <<<<<
Constructive and positive comments are welcome. Be courteous.
Consider leaving a like after viewing my post, and click on Follow to receive my latest and updated posts.
Ron (The Intrepid Trader)
This is not financial advice. Do your own TA and use this chart to help you decide what trade you want to make.
Comment:
Bull Flag, but price is slowly creeping downwards.
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Price must hold and bounce off the Golden 618 Fibonacci Level to continue the bull rally.
Comment:
Falling Wedge in the Bull Flag is a very good sign.
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Comment:
Anticipating this move.
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Comment:
The Bulls did not have enough power to push the price up and the Bears swept them under their feet. The Bull aren't done yet, they have an ace in their sleeve and it's the HIDDEN BULLISH DIVERGENCE. Check it out.
