Fibonacci confluence area
The Fibonacci weekly retracement levels are at 0.5
On the daily chart the 1.2 fibonacci expansion is in confluence with the 0.5 retracement.
In my opinion the present rally might be over and the prices might retrace from thereon i.e. 500
On the daily chart the 1.2 fibonacci expansion is in confluence with the 0.5 retracement.
In my opinion the present rally might be over and the prices might retrace from thereon i.e. 500
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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.