On the weekly chart the MACD signals Sell. Though lower timeframes signals there will a spike ( 20 day MA may cross over other MA's) , if it goes down below the shown parallel channel then there is a possibility of 370.
1. RSI(2) used , 90 & 10 upper and lower level respectively
2. Bollinger band used , On weekly chart the gap between upper and lower band is huge. however in lower timeframe there is a squeeze.
3. Fib levels are used to determined
4. support and resistance are marked using higher timeframe and validated with lower timeframe.
Thanks
Joyson
1. RSI(2) used , 90 & 10 upper and lower level respectively
2. Bollinger band used , On weekly chart the gap between upper and lower band is huge. however in lower timeframe there is a squeeze.
3. Fib levels are used to determined
4. support and resistance are marked using higher timeframe and validated with lower timeframe.
Thanks
Joyson