Hi Traders,
Currently we're seeing a slowdown in the momentum so we could see a low volume push higher into the the 0.382/0.5/0.618 FIBS or alternatively simply see a further push down in prices towards the support zones spoken on our last post. We are still creating lower highs and lower lows so its still possible for prices to carry on pushing lower. If we get a break of the trend line drawn on the our chart then the push higher into the fib levels is likely.
As spoken on previous posts keep an open mind and understand that we can very well see another manipulation move by the institutions by pushing prices back up towards those fib levels which gives the fake impression that prices have recovered which traps the bulls to give the bears liquidity to go lower again. In simple terms, if this was to play out this way it'll be a representation of a cycle being completed.
As always if you enjoy the content don't forget to click the like button and make a comment on your opinion.
Thanks
MS
⬇️⬇️⬇️⬇️⬇️⬇️⬇️⬇️⬇️⬇️⬇️⬇️⬇️⬇️⬇️⬇️⬇️⬇️⬇️⬇️⬇️⬇️⬇️⬇️⬇️⬇️⬇️⬇️⬇️⬇️⬇️⬇️⬇️⬇️⬇️⬇️⬇️⬇️⬇️⬇️⬇️⬇️⬇️⬇️⬇️⬇️⬇️⬇️⬇️⬇️⬇️⬇️⬇️⬇️⬇️⬇️⬇️⬇️⬇️⬇️⬇️⬇️⬇️⬇️⬇️⬇️⬇️⬇️⬇️
Currently we're seeing a slowdown in the momentum so we could see a low volume push higher into the the 0.382/0.5/0.618 FIBS or alternatively simply see a further push down in prices towards the support zones spoken on our last post. We are still creating lower highs and lower lows so its still possible for prices to carry on pushing lower. If we get a break of the trend line drawn on the our chart then the push higher into the fib levels is likely.
As spoken on previous posts keep an open mind and understand that we can very well see another manipulation move by the institutions by pushing prices back up towards those fib levels which gives the fake impression that prices have recovered which traps the bulls to give the bears liquidity to go lower again. In simple terms, if this was to play out this way it'll be a representation of a cycle being completed.
As always if you enjoy the content don't forget to click the like button and make a comment on your opinion.
Thanks
MS
⬇️⬇️⬇️⬇️⬇️⬇️⬇️⬇️⬇️⬇️⬇️⬇️⬇️⬇️⬇️⬇️⬇️⬇️⬇️⬇️⬇️⬇️⬇️⬇️⬇️⬇️⬇️⬇️⬇️⬇️⬇️⬇️⬇️⬇️⬇️⬇️⬇️⬇️⬇️⬇️⬇️⬇️⬇️⬇️⬇️⬇️⬇️⬇️⬇️⬇️⬇️⬇️⬇️⬇️⬇️⬇️⬇️⬇️⬇️⬇️⬇️⬇️⬇️⬇️⬇️⬇️⬇️⬇️⬇️
Related publications
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.
Related publications
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.