We could potentially see the price testing the blue line provided it is rejected by both green and orange lines. On the other hand, we could be seeing a bullish scenario when the price goes back above the green line and break through the white. I would be buying on the retest if the bullish scene does play out.
Please note that this is not financial advice and is simply my own analysis. Also please do share some of your thoughts :) Good luck trading!
Please note that this is not financial advice and is simply my own analysis. Also please do share some of your thoughts :) Good luck trading!
Comment:
Using fibs, I would be taking some profit at around $0.6