Hi,
Strong support 29 - 34
Technical criteria:
1) The trendline since 1989
2) Previous 2007/08 resistance level start to act as a support
3) Fibonacci retracement 62%
4) 50% drop from the recent high guides the price exactly to the green box, acting as a support.
Regards,
Vaido
Strong support 29 - 34
Technical criteria:
1) The trendline since 1989
2) Previous 2007/08 resistance level start to act as a support
3) Fibonacci retracement 62%
4) 50% drop from the recent high guides the price exactly to the green box, acting as a support.
Regards,
Vaido
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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.
🔍I do the technicals - so You don’t have to.
📊Follow my research on Substack:
👉vaido.substack.com/ - ENG
👉vaidoveek.substack.com/ - EST
🚀 Actionable market analysis, ideas, and education
📊Follow my research on Substack:
👉vaido.substack.com/ - ENG
👉vaidoveek.substack.com/ - EST
🚀 Actionable market analysis, ideas, and education
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.