On the daily chart the correction seems over, we will have confirmation when a bearish pattern will appear.
We are on 61,8% Fibo.
Furthermore the trend line, if you go back on the daily chart, has worked several times as dynamic support and resistance.
So i think the trend line could work again as dynamic resistance and will push down the price.
Leave me comment, suggestions and you point of view.
Thanks.
We are on 61,8% Fibo.
Furthermore the trend line, if you go back on the daily chart, has worked several times as dynamic support and resistance.
So i think the trend line could work again as dynamic resistance and will push down the price.
Leave me comment, suggestions and you point of view.
Thanks.