Note**I never use fibs but it makes sense to in this particular analysis**
Overall trend bullish
lines up with a fib bounce off the .328
Momentum is bullish as can be seen by the market structures of HH and HL (shown with blue horizontal lines)
A good target is 0.33000
I'm a bit worried as wick fishing can cause a downward spike to 0.26000 area before continuing its move upwards.
Overall trend bullish
lines up with a fib bounce off the .328
Momentum is bullish as can be seen by the market structures of HH and HL (shown with blue horizontal lines)
A good target is 0.33000
I'm a bit worried as wick fishing can cause a downward spike to 0.26000 area before continuing its move upwards.