Fibbo H1 indicating a decline as 100% level is at 1825 but at 50% level sma200 and mid band BB44 all three combined at 1850 making it a very strong support. A high risk sell is at 1873-78 area however waiting is more adivisable. For buy side entry a medium risk buy is located at 1850.
Commento:
With this gap up of $3 it is very difficult to break 1778-83 zone and first minor support is at 1864. Lets C what happens.
Commento:
This time H1 crossing 1863 at 23.6 fiboo means activation of bear flag
H1 is forming a bear flag if this H1 crosses and hold under 1863 Fibbo H1 23.6 then we might visit 1848-53 zone first.
H1 is forming a bear flag if this H1 crosses and hold under 1863 Fibbo H1 23.6 then we might visit 1848-53 zone first.