The current bear market / monthly time-frame pullback should experience a monthly bottom leading to bullish sentiment throughout the market in 4 to 24 months based on previous action on this time frame.
We have an unconfirmed trend resistance that would confirm on a third rejection that we can keep a patient eye on as well to look for a potential earlier bottom.
Using basic price action structure ("looking-left"), as well as complimentary fibonacci retracement percentages, we can easily see major areas of support where the bottom could potentially form overall; notwithstanding wicks of course.
We have an unconfirmed trend resistance that would confirm on a third rejection that we can keep a patient eye on as well to look for a potential earlier bottom.
Using basic price action structure ("looking-left"), as well as complimentary fibonacci retracement percentages, we can easily see major areas of support where the bottom could potentially form overall; notwithstanding wicks of course.
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Pernyataan Penyangkalan
Informasi dan publikasi ini tidak dimaksudkan, dan bukan merupakan, saran atau rekomendasi keuangan, investasi, trading, atau jenis lainnya yang diberikan atau didukung oleh TradingView. Baca selengkapnya di Ketentuan Penggunaan.