It is clearly not going to stop. Continuation pattern show a target well below 50% retracement level.
I draw Fib Levels from the previus time price hit the multiyear trend line. You see it bounced at 50%. During downtrend though, to rely on support levels is a very weak strategy. It is way better to observe price action once they hit one, to see how they react.
This is like a train almost 10 years long: The higher the speed, the harder is to stop it.
I draw Fib Levels from the previus time price hit the multiyear trend line. You see it bounced at 50%. During downtrend though, to rely on support levels is a very weak strategy. It is way better to observe price action once they hit one, to see how they react.
This is like a train almost 10 years long: The higher the speed, the harder is to stop it.
Penafian
Maklumat dan penerbitan adalah tidak bertujuan, dan tidak membentuk, nasihat atau cadangan kewangan, pelaburan, dagangan atau jenis lain yang diberikan atau disahkan oleh TradingView. Baca lebih dalam Terma Penggunaan.
Penafian
Maklumat dan penerbitan adalah tidak bertujuan, dan tidak membentuk, nasihat atau cadangan kewangan, pelaburan, dagangan atau jenis lain yang diberikan atau disahkan oleh TradingView. Baca lebih dalam Terma Penggunaan.