I am watching 7400 as a potential breakout area. I believe if used correctly certain Fibonacci tools work in different situations, sometimes they are relevant, sometimes they arent. In this case, I am using the Fibonacci speed resistance fan. So far the price has followed this tool well. A rejection at 7400 would be bearish and move above would signal much more upside.
Neither bullish or bearish yet. Wanting to be reactive, not predictive
Neither bullish or bearish yet. Wanting to be reactive, not predictive
Note
Nice, went up sooner than I expected but blew past 7400Note
YeeyeeNote
NiceNote
Thats a W if ive ever seen one
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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.