Green means go?
Added some TLs as well as a fibo extension. As you can see it's added past the 618 a.k.a golden ratio and is now struggling to maintain that momentum. The green TL is the one to watch, if this breaks I believe the bears are done for. What do I mean by break? I mean a candle body close above the green TL, not just a wick and preferably on the 4H TF.
Note
Going down just as fast as it went it. Probably thanks to the various statements made by the FED today
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Disclaimer
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.