Lots of confluence here. It's time for a retrace...
We have reached the target of the fib .382 from the 2016 bottom
We have also reached the .618 of the fib from the march bottom
We have also reached the .618 of the fib from the march bottom
Nota
The long term trends also signal a reversalNota
We have also reached the bottom of the bullish accumulation block from last spring.Nota
We are also back to the 20 year trend...
Penafian
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Penafian
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.