On this chart, there are lines called "Fibonacci retrenchment levels," which help predict where the price might go up or down.
Here's the simple breakdown:
The chart shows different levels where the price could stop and change direction. These levels are like markers on the chart.
The blue arrow on the chart suggests that the price might go up.
There's also a note saying that the price might increase.
In short, the chart is trying to predict that the price will go up and shows some important points where it might change direction. If you have any specific questions, feel free to ask!
Here's the simple breakdown:
The chart shows different levels where the price could stop and change direction. These levels are like markers on the chart.
The blue arrow on the chart suggests that the price might go up.
There's also a note saying that the price might increase.
In short, the chart is trying to predict that the price will go up and shows some important points where it might change direction. If you have any specific questions, feel free to ask!
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Telegram: t.me/traderpulseyt
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LOW RISK? PLAY HUGE!
Follow for latest updates and valuable financial content
✆ t.me/iVishalPal
Yt: t.ly/frb4G
LinkedIn: t.ly/g_SjB
WhatsApp: t.ly/_6T9j
TradingView: t.ly/-UGgZ
Telegram: t.me/traderpulseyt
Follow for latest updates and valuable financial content
✆ t.me/iVishalPal
Yt: t.ly/frb4G
LinkedIn: t.ly/g_SjB
WhatsApp: t.ly/_6T9j
TradingView: t.ly/-UGgZ
Telegram: t.me/traderpulseyt
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.