FIBONACCI RETRACEMENT IS AT 62% OF EARLIER BIG DOWNWARD MOVE.
AT THE TOP SIDE, THERE IS HUGE RESISTANCE AT THE LVLS OF 1411.
FROM THE WEEKLY CHARTS AND ALSO DAILY CHARTS, THERE IS A TENDENCY TOWARDS A PRICE LEVEL OF 1356 AND 1332 (WHICH HAPPENS TO BE THE 50% FIBONACCI LEVEL). FROM 1332 IT SHOULD START MOVING UP.
AT THE TOP SIDE, THERE IS HUGE RESISTANCE AT THE LVLS OF 1411.
FROM THE WEEKLY CHARTS AND ALSO DAILY CHARTS, THERE IS A TENDENCY TOWARDS A PRICE LEVEL OF 1356 AND 1332 (WHICH HAPPENS TO BE THE 50% FIBONACCI LEVEL). FROM 1332 IT SHOULD START MOVING UP.
Comment:
Today low T-1 of 1365 reached.
Comment:
IT HAS FORMED MULTIPLE BOTTOMS AT 1365 AND TOPS AT 1393.
TAKE THE DIRECTION FROM THE PRICE MOVEMENT.
TAKE THE DIRECTION FROM THE PRICE MOVEMENT.
NEARING T1 - 1356