Two massive bounces and for the third time the price goes up, reaching the top end of the Bollinger bands.
High volumes, overbought Stochastic oscillator and the breakout of the support, lead us to think that the price could collapse for the third time till the 66% of Fibonacci.
Let us know if you like our idea, leave a comment with your opinion and don't forget to follow us!
Enjoy Traders!
GMPinvestors
High volumes, overbought Stochastic oscillator and the breakout of the support, lead us to think that the price could collapse for the third time till the 66% of Fibonacci.
Let us know if you like our idea, leave a comment with your opinion and don't forget to follow us!
Enjoy Traders!
GMPinvestors
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The trend followed our idea and we got our target! Stay tuned for our next analysis!
