Morning guys,
So, it seems our suggestion on deeper retracement was correct. Now we could identify and draw AB=CD pattern, which has a target right at 3820-3840 first 3/8 Fib support area.
Gradual retracement suggests possible upward reversal there, while sharp drop right to 3800 could mean that deeper retracement happens, right to XOP and next strong K-support area of 3700-3740 area.
So, it seems our suggestion on deeper retracement was correct. Now we could identify and draw AB=CD pattern, which has a target right at 3820-3840 first 3/8 Fib support area.
Gradual retracement suggests possible upward reversal there, while sharp drop right to 3800 could mean that deeper retracement happens, right to XOP and next strong K-support area of 3700-3740 area.
ForexPeaceArmy BTC analytics :
forexpeacearmy.com/r/author/11/sive-morten-blog
FX, GOLD:
forexpeacearmy.com/community/forums/sive-morten-currencies-and-gold-video-analysis.122/
forexpeacearmy.com/r/author/11/sive-morten-blog
FX, GOLD:
forexpeacearmy.com/community/forums/sive-morten-currencies-and-gold-video-analysis.122/
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Le informazioni e le pubblicazioni non sono intese come, e non costituiscono, consulenza o raccomandazioni finanziarie, di investimento, di trading o di altro tipo fornite o approvate da TradingView. Per ulteriori informazioni, consultare i Termini di utilizzo.
ForexPeaceArmy BTC analytics :
forexpeacearmy.com/r/author/11/sive-morten-blog
FX, GOLD:
forexpeacearmy.com/community/forums/sive-morten-currencies-and-gold-video-analysis.122/
forexpeacearmy.com/r/author/11/sive-morten-blog
FX, GOLD:
forexpeacearmy.com/community/forums/sive-morten-currencies-and-gold-video-analysis.122/
Declinazione di responsabilità
Le informazioni e le pubblicazioni non sono intese come, e non costituiscono, consulenza o raccomandazioni finanziarie, di investimento, di trading o di altro tipo fornite o approvate da TradingView. Per ulteriori informazioni, consultare i Termini di utilizzo.