From the chart, You can see there is a Double Bottom formations where the re-test is done. From this re-test area, we can also form a pennant from the second bottom.
To support this, I also draw a fib retracement from the bottom to the peak level of re-test. By this fib, it is also supported by many fib levels that is worked before ( such as 0.5 or 0.618). Therefore, The next level of the fib is 1.618 which is in our target area.
RSI also is on a uptrend line. Stoc RSI gives a buy signal.
Based on all signals, my target area is shown in the chart.
Don't hesitate to share any idea, comment or critics ^^.
To support this, I also draw a fib retracement from the bottom to the peak level of re-test. By this fib, it is also supported by many fib levels that is worked before ( such as 0.5 or 0.618). Therefore, The next level of the fib is 1.618 which is in our target area.
RSI also is on a uptrend line. Stoc RSI gives a buy signal.
Based on all signals, my target area is shown in the chart.
Don't hesitate to share any idea, comment or critics ^^.
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Declinazione di responsabilità
Le informazioni ed i contenuti pubblicati non costituiscono in alcun modo una sollecitazione ad investire o ad operare nei mercati finanziari. Non sono inoltre fornite o supportate da TradingView. Maggiori dettagli nelle Condizioni d'uso.