Setting the Fibonacci level shows that the price has stopped at the 61.8% level and is making a new turn towards lower support at 38.2% at $ 107.30. A drop in price below $ 107.00 would open up space for us to next support at the $ 102.00 level.
If the price rises above $ 115.00 again, then we return to the primary bullish trend.
If the price rises above $ 115.00 again, then we return to the primary bullish trend.
Note
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Free telegram channel t.me/alexmasterforex
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.