Hi traders,
As expected, price hit fib 1.272 and retrace back to nearest support 8.88 (previous higher high).
15mins, 30min, 1h chart is oversold (RSI+ MFI) and signaling strong buy signal (at linear regression 4th standard deviation/keltner channel range). It happened very few times on the past.
Last minute closing volume is huge. (IBs buying)
Normally, stronger retracement in short period will follow by a bigger pull back to its zone.
Happy trading!
As expected, price hit fib 1.272 and retrace back to nearest support 8.88 (previous higher high).
15mins, 30min, 1h chart is oversold (RSI+ MFI) and signaling strong buy signal (at linear regression 4th standard deviation/keltner channel range). It happened very few times on the past.
Last minute closing volume is huge. (IBs buying)
Normally, stronger retracement in short period will follow by a bigger pull back to its zone.
Happy trading!