Hi everyone, we broke last week the uptrend channel as well as moved below some important moving averages. I believe we are now in for a small correction before the market can continue upwards.
I have highlighted some of the possible U-turn areas with Fibonacci extensions. I have also highlighted a potential new downtrend channel.
I have highlighted some of the possible U-turn areas with Fibonacci extensions. I have also highlighted a potential new downtrend channel.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.