H4 - The price which is moving higher has created a triple wave to the upside.
While measuring this triple wave using the fibonacci expansion tool, the 61.8% fibonacci expansion level of the first wave at 41.04, the 61.8% fibonacci expansion level at 37.17, and the 100% fibonacci expansion level at 41.25 of the second wave coincide on the same zone with the daily and weekly pivot points. Which makes this area a key resistance zone for us.
Price has currently reached this key resistance zone. Bearish divergence.
Until this key resistance zone holds I would expect to see corrections here.
While measuring this triple wave using the fibonacci expansion tool, the 61.8% fibonacci expansion level of the first wave at 41.04, the 61.8% fibonacci expansion level at 37.17, and the 100% fibonacci expansion level at 41.25 of the second wave coincide on the same zone with the daily and weekly pivot points. Which makes this area a key resistance zone for us.
Price has currently reached this key resistance zone. Bearish divergence.
Until this key resistance zone holds I would expect to see corrections here.
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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.