On Friday 19th DNEX retraced to 0.69 on closing after it's down to almost -10%. Was it a sign of retracement or a sign of reversal? If you see on previous day at 9th feb last year. It made the same retracement at 0.340 and it continues its untrend momentum. If based on fibonacci retracement tools it should go back up to its uptrend momentum. But if you are about to enter this trade you should wait for a confirmation first! So the question is, was it just a retracement or a reversal sign? Comment what you guys think!
p/s: this is not a buy call. I'm simply sharing my opinion based on my studies.
p/s: this is not a buy call. I'm simply sharing my opinion based on my studies.
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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.