after rallying into the 1.618 extension and hitting overbought territory it's safe to expect a downturn on this breakout, when setting up a Fibonacci retracement we can see that the market is looking for a support at the 0.382 where market had previous resistance, when hitting the 0.382 it would be safe to assume we could be looking for a trend continuation
Zlecenie aktywne:
as the price unexpectedly moved higher the retracement had to be redrawn but the entry point remains the same only targets moved, www.tradingview.com/chart/1mpKryB7/