Breakout from bearish descending triangle. Price usually drops the length of the left height of triangle. Its about 590 pips and coincides well with Fibonacci levels. Expect the first pullback at 0.5 Fibonacci extension (there is also Fib retracement level there too and deviation band) after 91.7 pips.
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.
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.