As I mentioned in my previous analysis βοΈ
we had fake out of channel support and then the price has started to gain from channel support and hit the target π£
and now
become close to important resistance area, and we had a fake out of channel resistance βοΈ
so
here we expect correction to the downside for the price based on the Fibonacci levels (38 and 50) βπ§¨
if
the price again breaks the channel resistance to the upside and stay above the resistance area, we can expect gain for the price π
This is not financial advice, always do your own research.
Please, feel free to ask your question, write it in the comments below, and I will answer.
π
we had fake out of channel support and then the price has started to gain from channel support and hit the target π£
and now
become close to important resistance area, and we had a fake out of channel resistance βοΈ
so
here we expect correction to the downside for the price based on the Fibonacci levels (38 and 50) βπ§¨
if
the price again breaks the channel resistance to the upside and stay above the resistance area, we can expect gain for the price π
This is not financial advice, always do your own research.
Please, feel free to ask your question, write it in the comments below, and I will answer.
π
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t.me/madwhalechannel
t.me/madwhalechannel