On the Daily price is at the botton of a bullish channel. Looking to get Long to top of the channel with stop loss at a prior resistance
Price did a fake bullish breakout to entice buyers before a sharp downturn. Price likely to continue the weekly trend down to 1.8 to pick up all the liquidity waiting to then reverse and head up
I forecast price to continue to push down to support of descending triangle.
TVC:SPX
Hi Guys, So as UJ is on a bearish trend my T1 target is at .618 FIBS.
The yellow zone is the 50-61.8 Fib retracement..the candle closed above it a clear bullish signal. thoughts?