for the moment we are sitting on the top of the .5 level of a weekly bullish fib started at 23th of feb, and we have tested the .5 lvl of our latest weekly bearish fib without any luck, creating two more resistance lvl above us as the latest bearish weekly forms( .5 at .215 and .618 at .230).
at the same time we have breached the upper trend line.... again! seems like another retest of higher lvls are in propgram.
if so, then we will be heafing for the levels mentioned above and if we pass them this time we will get to bearish weekly lv 618 at .415
resistances on the way up are:
1..5 of latest daily bearish at .215
2..618 of the same fib at .230
3.weekly bearish .5 at 270
4.weekly bullish .618 acting as resistance now at .286
5.weekly bearish .618 at .304
6. two .5 of a weekly bearish and a weekly bullish fib at .343 to .347
if all these lines get broken we will get to the .415 and as it is doge we will surely get to .420 ;)
if these res levels hold we will be heading for the target area of .1285 to .1142, the segment targeted because of the .618 of a weekly bullish, and two -236 of two weekly bearish fib.
long entry would be at passing od each res upward and adding on the way up
or
short entry at passing of .191 support level for the target of the bearish cluster described above
R:R to 1:4 and above as always
and obviously not a financial advice
all comments, good or bad are highly appreciated.
at the same time we have breached the upper trend line.... again! seems like another retest of higher lvls are in propgram.
if so, then we will be heafing for the levels mentioned above and if we pass them this time we will get to bearish weekly lv 618 at .415
resistances on the way up are:
1..5 of latest daily bearish at .215
2..618 of the same fib at .230
3.weekly bearish .5 at 270
4.weekly bullish .618 acting as resistance now at .286
5.weekly bearish .618 at .304
6. two .5 of a weekly bearish and a weekly bullish fib at .343 to .347
if all these lines get broken we will get to the .415 and as it is doge we will surely get to .420 ;)
if these res levels hold we will be heading for the target area of .1285 to .1142, the segment targeted because of the .618 of a weekly bullish, and two -236 of two weekly bearish fib.
long entry would be at passing od each res upward and adding on the way up
or
short entry at passing of .191 support level for the target of the bearish cluster described above
R:R to 1:4 and above as always
and obviously not a financial advice
all comments, good or bad are highly appreciated.
Comment:
Bearish div on RSI 240 chart might idicate the start of the bearish scenario....................or is it jst algosplaying with us? ;)