Weekly Chart: waiting for Daily Pennant
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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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.