Bullish channel break,
38.2 bearish retracement
target is 61.8(17.290) retrecement zone frome nearest (c) at 16.700 area,this zone is also a 38.2 zone based on a retracement from the low on the weekly tf.on the weekly price has broken past this level after a strong bullish run,this area is for me the most logical area for a retest.
38.2 bearish retracement
target is 61.8(17.290) retrecement zone frome nearest (c) at 16.700 area,this zone is also a 38.2 zone based on a retracement from the low on the weekly tf.on the weekly price has broken past this level after a strong bullish run,this area is for me the most logical area for a retest.
