As I rite this, we see PA pushing up under a line of local resistance, and being rejected.
Support is not far below on the old ATH line ( blue Dash) and below that we have the rising trned line at around 107K
So we have support all around but we are heading in to the unknown with this Fib circle that is just ahead of us.
As yet, I do not know what to expect.
Previous 618 Fib circles have rejected PA to some degree and so I will expect at least a dip in Price.
But as the MACD is nicely cooled off and rising Bullish just above Neutral, we certainly have the ability to piush through
https://tradingview.sweetlogin.com/x/4bnYJxjf/
So, We enter the unknown today but with Bullish intent and the ability to cope but we do need Caution.
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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.