W1 - Special cycle completed, followed by bullish divergence and bullish convergence.
We can now look for pullbacks and buys.
D1 - Price created lower lows for double waves down. Both 61.8 and 100 level has been reached by the same candle. Bullish divergence created.
Uptrend line coincides with the zone where the fibo levels 61.8 and 100.
If we can get a breakout above the zone marked in the screenshot, we can then look for buys.
We can now look for pullbacks and buys.
D1 - Price created lower lows for double waves down. Both 61.8 and 100 level has been reached by the same candle. Bullish divergence created.
Uptrend line coincides with the zone where the fibo levels 61.8 and 100.
If we can get a breakout above the zone marked in the screenshot, we can then look for buys.