after a long uptrend on the daily looks like were finally getting a pullback for the weekly. price retested after the break of structure but was creating structure as it was going to retest so looking for a retest of our retest which would be another pullback. price been resisting the 38.2 which was also the break of structure on the trending retest. does look like the 38.2 should hold but with a trendline being connected to the highs we can potentially make a third tap and find confluence with the 61.8 before dropping. market might simply go to that level or wick at it to take out sells from the 38.2
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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.