With a Fibonacci retracement line, from May's high to Junes low. We have slowly moved up the channels. As price actions came to the 0.76 fib line, bears pushed price action down to the 0.38 line. Shortly after, bulls rallied to the 0.76 line. If price action trades above the 764 fib line I will be opening a long position. In the mean time, I am short on the 0.76 Fibonacci line.
June 12th, we notice a technical setup consisting of tweezer bottoms retracing from the 0.5 fib line. This could be a potential long opportunity
June 12th, we notice a technical setup consisting of tweezer bottoms retracing from the 0.5 fib line. This could be a potential long opportunity