GBPCAD
Certainly!
"Lower High Lower Low Fib .38" is a concise way of expressing a technical analysis observation:
- **Lower High (LH)**: A peak in the price chart lower than the previous peak.
- **Lower Low (LL)**: A trough in the price chart lower than the previous trough.
- **Fib .38**: Refers to the Fibonacci retracement level of 38.2%, indicating a potential retracement level in the price after observing lower highs and lower lows.
This observation suggests a downtrend in the market, with the Fibonacci level potentially indicating a point of retracement before further decline.
"Lower High Lower Low Fib .38" is a concise way of expressing a technical analysis observation:
- **Lower High (LH)**: A peak in the price chart lower than the previous peak.
- **Lower Low (LL)**: A trough in the price chart lower than the previous trough.
- **Fib .38**: Refers to the Fibonacci retracement level of 38.2%, indicating a potential retracement level in the price after observing lower highs and lower lows.
This observation suggests a downtrend in the market, with the Fibonacci level potentially indicating a point of retracement before further decline.
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