And what a lovely target: the 0,236 fib of the last big swing lower is also the daily 200 moving average.
I know there are some resistance highs on the 0.5, but i like the 0.618 as the next target if it goes through the 200 moving average.
Bonus content:
Check out those hand-drawn swing arrows! This is a swing trade I will keep my own eyes open for: A break below that trendline would mean a sell and rebuy at the bottom of the channel, then a ride up to the targets.
I know there are some resistance highs on the 0.5, but i like the 0.618 as the next target if it goes through the 200 moving average.
Bonus content:
Check out those hand-drawn swing arrows! This is a swing trade I will keep my own eyes open for: A break below that trendline would mean a sell and rebuy at the bottom of the channel, then a ride up to the targets.
Comment:
Just spotted that bullish divergence with the oscillator
Comment:
This is playing out well isn't it. It's following the little squiggly line to a T.