We had a nice pump out of a falling wedge that has been forming for a very long time
Since then price has retraced and may seem like a dump at first, but if you use FIBS and look more closely we can see that price has retraced to exactly the .618 fibonacci zone (golden zone) and has already started to hold support here.
If this holds we could easily go higher then where this previous pump has peaked.
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.