An area of value may occur with confluence of
1. .50 fib retracement of recent swing down.
2. Intermediate horizontal resistance
Stop above .786 fib
Target - between .272 and .618 extension , at a level of past horizontal support.
Risk reward is 3....
1. .50 fib retracement of recent swing down.
2. Intermediate horizontal resistance
Stop above .786 fib
Target - between .272 and .618 extension , at a level of past horizontal support.
Risk reward is 3....