Here we see a strong resistance at 0.618 fib retracement. Before 3 days we can see a strong bearish candle which closed below 0.5 fib retracement. Also we have a broken trendline , but we should wait until we see a bullish engulfing candle which can happen at 0.382 fib retracement and after that we can see a bullish move till 0.786 fib retracement.
Hello Traders !
Here we see a bullish move but what will happen latter ?
Right now is a great change to buy , but will it break the resistance trendline or push it down and break the support trendline ?
Also we have a inverted hammer candlestick which confirm us that is an bullish move for the moment
Hello traders !
Here you can see is formed a double top. As you can see also we have a broken trendline which means that the price is going to move down. Here i have set 2 Take Profits.The first target is 83.4 but if it breaks that support zone , this means that the second target will be 82.3.