watching this resistance and a break above to $2 if we break that $2.4 is my next level.
Why do I have so many fibs?
1) the price action is no longer in a linear channel. suggest we are making a trend change. so I have 3 possibilities
one is GP remains a magnet as it has in the past.
Two the trend change/curving bottom starting some sort of flat correction, in that instance, this will get choppy, for that I made two more fibs on is a retracement; second from the right (retracement with .382 off previous swing high) and the extension (dotted fib on the right).
All of them suggest we tag $2.0 at the very least for a short term target
The extension suggests we hit north of 2.4 with a 200 to 200 move.
2)
Rsi month says we got lots of room to grow those are the 70 80 markers
Rsi week says we do as well 2.4 is the target.
Rsi day say was get stopped around $2 - $2.4 This has a lot of work ahead of it to make above $2 and should be your primary indicator.
3)
Fed could step in at any time and squash all this.
If for any reason we are north of $3 we are in trouble.
Why do I have so many fibs?
1) the price action is no longer in a linear channel. suggest we are making a trend change. so I have 3 possibilities
one is GP remains a magnet as it has in the past.
Two the trend change/curving bottom starting some sort of flat correction, in that instance, this will get choppy, for that I made two more fibs on is a retracement; second from the right (retracement with .382 off previous swing high) and the extension (dotted fib on the right).
All of them suggest we tag $2.0 at the very least for a short term target
The extension suggests we hit north of 2.4 with a 200 to 200 move.
2)
Rsi month says we got lots of room to grow those are the 70 80 markers
Rsi week says we do as well 2.4 is the target.
Rsi day say was get stopped around $2 - $2.4 This has a lot of work ahead of it to make above $2 and should be your primary indicator.
3)
Fed could step in at any time and squash all this.
If for any reason we are north of $3 we are in trouble.
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.
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.