Wait for a break out before buying. If it breaks down, then we will look for a decline to the 61.8 fibs level along with a double bottom to buy. If price breaks up, we will buy it up to the 1.414 fibs extension level and monitor if it will continue climbing.
Trade with care.
Comment
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Downside is confirmed. Look to buy at 61.8 fib retracement.
this is so confusing , I've been watching it for the last three days . It was looking to break down but it just bounced back . What do you think about the chart in usd , what prices should I be looking for confirmation for up or down ?
valueerror
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if everybody waits its probably not going to breakout ... hehe... someone needs to buy it over the reistance line in order to trigger all the buys that push it to the next level.... i'm not buying ... im already IN ;-)
AbdorhmanThi
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@valueerror, yes of course. that is how it works. However, if you are not in yet, best to wait for a confirmation. Idea is to get best possible entry.