Watch it close here at the 88.6% If it bounces here hang on tight we're going to the moon
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Bullish RSI Divergence
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Never under estimate the power of the FIB!!
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Price bounced at the 88.6% as predicted but rejected at 76.4% which I knew was a possibility. I'm hoping it will just retest the 88.6% then bust right through the 76.4% then on to complete the XYZ / 88.6% bounce
What is the first target or resistance? Thx voor the information.
slrocheleau
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@jasonvanerve, My first target is the .764% fib and if it breaks the main target is X then ill break the fib out again find the pull back and re entry area
jasonvanerve
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@slrocheleau, And if it not bounces, wat is the scenario than? I dont now the method, but I like it.
slrocheleau
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@jasonvanerve, As of right now everything is going as planned. If you go to the 15M chart you will see that price is potentially forming a triple bottom on the 88.6% fib. If that holds then the First target is X . If it breaks bellow the 88.6% fib then the Stop loss is set between or at the 100% and the XYZ 88.6% bounce would then be invalid