Hi all, We have a possible reversal because it looks like an invert hammer or morning star forming both of which are very bullish. Now this could take us back to .618 then bounce back downward. Or if that was a pendent then we could break back in...
Trade active
Looks like we may have found support at 365 to 360. We'll see if it holds, if so, then it may have been a fake out and putting us right back into the channel.70% Bearish being we broke the .618 fib.
30% Bullish in hopes of a fake out and putting us right back into the channel..
Trade closed: stop reached
TP target reached
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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.