1) Possible short-term downtrend to continue closing candles below MA (9).
2) Possible continuation of the price at the lower level of the bullish channel, after rebound at level 61.8% of the fibonacci.
3) Possible breakdown of the 78.6% level of fibonacci with large bearish sail.
4) Stochastic in positive zone and with bearish direction.
Setup:
Entry = 60.33
SL= 61.59
TP1= 58.62
TP2= 57.18
2) Possible continuation of the price at the lower level of the bullish channel, after rebound at level 61.8% of the fibonacci.
3) Possible breakdown of the 78.6% level of fibonacci with large bearish sail.
4) Stochastic in positive zone and with bearish direction.
Setup:
Entry = 60.33
SL= 61.59
TP1= 58.62
TP2= 57.18
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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.