ive been waiting for a pop above 3.11 as i stated we couldnt get into any trades until it poped that level now this could still be the case howver i have 3 key levels that are interesting me here for a potential bounce trade where we are now im seeing some confluence as its the .618 fib from the start of this move from 50 cents to the high of 3.50
we also have a smaller tend we have been respecting here and this 2.36 area is def a support im willing to buy
howver we have alot more support on 1hour and 3 hour around 2.30$ which might be a secondary idea and bigger uptrending support there as well on a bearish veiw at 2.43 we lost our 4 hour ichumchi cloud so we need to reclaim that
1 hour 3 hour and daily support showing me 2.30$ as well as longer term uptrend
.618 fib and secondary support showing me 2.36 as well as this potential falling wedge and previous wicks up to this level
we also have a smaller tend we have been respecting here and this 2.36 area is def a support im willing to buy
howver we have alot more support on 1hour and 3 hour around 2.30$ which might be a secondary idea and bigger uptrending support there as well on a bearish veiw at 2.43 we lost our 4 hour ichumchi cloud so we need to reclaim that
1 hour 3 hour and daily support showing me 2.30$ as well as longer term uptrend
.618 fib and secondary support showing me 2.36 as well as this potential falling wedge and previous wicks up to this level
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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.