Internal indicators are signaling this to be a bearish move in a primary bullish market. (ADX is slipping as the negative directional index rises with no crossover) and (the RSI remains in a bullish zone for the primary trend)
As long as this 61.8% golden ratio holds the pattern remains bullish. It will be a tough fight along this line.
Protective stops are placed. The red trend line becomes support if the 61.8% fib level breaks.
Thoughts?
As long as this 61.8% golden ratio holds the pattern remains bullish. It will be a tough fight along this line.
Protective stops are placed. The red trend line becomes support if the 61.8% fib level breaks.
Thoughts?