HI THERE!
As you see here previously I said that it is highly unlikely that we break below 0.618 FIB level. We do seem to hold it so far and also I warned about the weekend's low volume which could become the cause of breaking below .618 level now is that CRITICAL moment in next 11 hrs or so it will be clear what is the next move.
1/ If we manage to close above .618 fib level we will probably retest 50 D MA although I learn that it is highly possible that we get rejected from there and continue in a sideways movement.
2/If our daily closes below 0.618 ... 3450 / 3250 / 3000 will be in play. TRADE SAFE!
** Its only meant for educational purposes.**
As you see here previously I said that it is highly unlikely that we break below 0.618 FIB level. We do seem to hold it so far and also I warned about the weekend's low volume which could become the cause of breaking below .618 level now is that CRITICAL moment in next 11 hrs or so it will be clear what is the next move.
1/ If we manage to close above .618 fib level we will probably retest 50 D MA although I learn that it is highly possible that we get rejected from there and continue in a sideways movement.
2/If our daily closes below 0.618 ... 3450 / 3250 / 3000 will be in play. TRADE SAFE!
** Its only meant for educational purposes.**
