As mentioned earlier on Nov 4, Topglov is bearish . The infected workers are now the latest catalyst for expected bearish move. Our next downside target is at 5.5, we will see price action at this level to predict more downside movement to Breakaway Gap (in weekly timeframe) zone at 4.1 to 3.8, or even further at 2.86.
Disclaimer: The content on this analysis is subject to change at any time without notice, and is provided for the sole purpose of assisting traders to make independent investment decisions.
Disclaimer: The content on this analysis is subject to change at any time without notice, and is provided for the sole purpose of assisting traders to make independent investment decisions.
Note
Price bounce off at Target 1 at Fibo 1.618. We are looking for bullish confirmation above 6.80
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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.