Interesting Chart - Fibo Support Vs. Price Action (Making LLs)
This chart has interesting attributes
1) Drawn support levels based earlier price support
2) Support levels also match with Fibo retracement levels
However, the price action shows Lower Lows and relative strength is losing
Interesting to see where will this go from here on....
Disc : Not holding and not a buy or sell recommendation. Sharing Technical view.
1) Drawn support levels based earlier price support
2) Support levels also match with Fibo retracement levels
However, the price action shows Lower Lows and relative strength is losing
Interesting to see where will this go from here on....
Disc : Not holding and not a buy or sell recommendation. Sharing Technical view.