A small exercise, using Fibonacci to find trend lines, support and resistance.
If the trends shown have any value, with every step forward we take consolidating, we inch away from this bearish mood.
Until we break support or resistance, I wouldn't recommend trading large values.
Keep in mid that I used no indicators, and as far as we are concerned, in the long run, RSI is showing that we might expect a significant drop.
Best regards,
If the trends shown have any value, with every step forward we take consolidating, we inch away from this bearish mood.
Until we break support or resistance, I wouldn't recommend trading large values.
Keep in mid that I used no indicators, and as far as we are concerned, in the long run, RSI is showing that we might expect a significant drop.
Best regards,