Energy finally finds support /Fibonacci
After a long period of consolidation, energy broke-down of the parallel channel. Using Fibonacci retracement tools, we retraced from the 61.8% level, also known as the Golden Ratio.
It is currently trying to break its 10sma resistance (on average intraday volume - which is not great)
I would want to see a close above the 50% retracement level to feel more confident, as rotations have not lasted more than 1-2 weeks.
Keeping on a watchlist.
It is currently trying to break its 10sma resistance (on average intraday volume - which is not great)
I would want to see a close above the 50% retracement level to feel more confident, as rotations have not lasted more than 1-2 weeks.
Keeping on a watchlist.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.