Good evening all,
I will share my thoughts of the current market situation and any possible targets. You can make your conclusion out of this and make your own decision how to play it!
Waves nearing support, the rising trend line. If you add the Bollinger band to the chart than you can see we are heading to support as well. Of course every support can be broken but considered the RSI and Stochastic are in oversold conditions I expect a bounce to the upside.
We can see that support is building up on the 6 hour chart. A spike to the trend line may occur. This consolidation zone is aligning with the 0.618 Fib.
Next target; give this idea a like and me a follow :)))
Thanks for your support !
I will share my thoughts of the current market situation and any possible targets. You can make your conclusion out of this and make your own decision how to play it!
Waves nearing support, the rising trend line. If you add the Bollinger band to the chart than you can see we are heading to support as well. Of course every support can be broken but considered the RSI and Stochastic are in oversold conditions I expect a bounce to the upside.
We can see that support is building up on the 6 hour chart. A spike to the trend line may occur. This consolidation zone is aligning with the 0.618 Fib.
Next target; give this idea a like and me a follow :)))
Thanks for your support !
Trade closed: target reached:
mamamia