BOUNCE FROM WEEKLY DEMAND ZONE- BULLISH VIEW-
Educational purpose
Bounced after testing weekly demand zone and consolidating for 3 weeks suggest reversal of the downtrend.
Fibo targets :
Target 1 : 1375 (108%) (24-30 months)
Target 2 : 1570 (137%) (36-42 months)
SL : weekly closing below 550 (-17%)
RR Ratio : 1:8.5
Only long term view
Educational purpose
Bounced after testing weekly demand zone and consolidating for 3 weeks suggest reversal of the downtrend.
Fibo targets :
Target 1 : 1375 (108%) (24-30 months)
Target 2 : 1570 (137%) (36-42 months)
SL : weekly closing below 550 (-17%)
RR Ratio : 1:8.5
Only long term view
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.
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.