Description
⋅ 1. RSI (89) testing descending resistance level
2. Testing resistance of the channel
3. Fibo retracement (38.2% level) and horizontal resistance overlap + descending resistance line
Comment
⋅ 1. RSI (89) testing descending resistance level
2. Prices testing resistance of the channel
3. Major resistance at 0.73120: Fibonacci retracement (38.2% level), horizontal resistance overlap, descending resistance line
Comment
⋅ 1. RSI (89) testing descending resistance level
2. Prices testing resistance of the channel
3. Major resistance at 0.72765: Fibonacci retracement (38.2% level), horizontal resistance overlap, descending resistance line
Trade closed: stop reached
⋅ RSI bullish exit, cannot be considered a channel formation, breakout of descending resistance line, strong resistance at 61.8% Fibonacci retracement