Monthly trendline up from 2002 lows comes in at around 7!
Monthly trendline down has been broken to the upside and has held
But fibonacci expansion 0.61.8% from last two moves up are both just below 14
If price breaks below 13.8 again we may see 100% fibonacci expansion level from last move - at least!
This is just above 12
So: buy between 14 and 10.5 (100% fibonacci expansion level from initial move up after break of monthly trendline down held) and target at least 38.2% fibonacci retracement monthly - lows to 50
So: around 22 TP -- SL below monthly trendline 7
I am in 100USD at 14 - so SL will cost me $700 - TP(0.5) = 22 (first TP) = $400, second TP(0.5) = 61.8% = 37 = $1150
My prediction is that low will be Xag/Usd = 12.6 = 100% fibonacci expansion of last move
A year later we will be above 30
Monthly trendline down has been broken to the upside and has held
But fibonacci expansion 0.61.8% from last two moves up are both just below 14
If price breaks below 13.8 again we may see 100% fibonacci expansion level from last move - at least!
This is just above 12
So: buy between 14 and 10.5 (100% fibonacci expansion level from initial move up after break of monthly trendline down held) and target at least 38.2% fibonacci retracement monthly - lows to 50
So: around 22 TP -- SL below monthly trendline 7
I am in 100USD at 14 - so SL will cost me $700 - TP(0.5) = 22 (first TP) = $400, second TP(0.5) = 61.8% = 37 = $1150
My prediction is that low will be Xag/Usd = 12.6 = 100% fibonacci expansion of last move
A year later we will be above 30
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.