Lean Hogs (HE1!) | 1H
Price has reacted from the recent low near 68.4 and is now testing the Breaker Block around 70.0–70.4. I’m watching for a retest and hold of this zone before considering the long scenario confirmed.
A move back above 71.8 would strengthen the reversal case. The first key level is 75.1; the main target zone is the Fibonacci expansion between 77.8 (1.414) and 79.2 (1.618).
A break below 68.4 would weaken the local reversal setup. The wider idea invalidation shown on the chart is below 65.0.
This is a conditional scenario, not an assumption that the bottom is already in.
Price has reacted from the recent low near 68.4 and is now testing the Breaker Block around 70.0–70.4. I’m watching for a retest and hold of this zone before considering the long scenario confirmed.
A move back above 71.8 would strengthen the reversal case. The first key level is 75.1; the main target zone is the Fibonacci expansion between 77.8 (1.414) and 79.2 (1.618).
A break below 68.4 would weaken the local reversal setup. The wider idea invalidation shown on the chart is below 65.0.
This is a conditional scenario, not an assumption that the bottom is already in.
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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.
💬 Channel: telegram.me/fibonacci_flow_fx
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.