The price has formed a double top, so we are waiting for rupture of the resistance in order to enter the buy.
Fibonacci shows us that the price has returned above .5 level meaning that the trend is bullish.
Once the resistance is broken it should seek for maximum levels again.
We should check RSI for confirmation too.
Comment your opinions!
Fibonacci shows us that the price has returned above .5 level meaning that the trend is bullish.
Once the resistance is broken it should seek for maximum levels again.
We should check RSI for confirmation too.
Comment your opinions!