Weekly Chart: waiting for Daily Pennant
Updated
1663 was tested by Bulls mid April already and seem to be a important level as well as 1630 down below.
You can see the 2.618 fib extension and how price failed to close above it.
If price is in a range this could get bad for short term bulls.
There is a pennant on the daily time frame. If that pennant breaks to down side,
bear targets should be 1663 tp1; 1630 tp2 respectfully.
You can see the 2.618 fib extension and how price failed to close above it.
If price is in a range this could get bad for short term bulls.
There is a pennant on the daily time frame. If that pennant breaks to down side,
bear targets should be 1663 tp1; 1630 tp2 respectfully.
Note
If Pennant break to upside, of course we are bulls.
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