Hi Traders,
We have a potential rising channel forming, with price squaring up the previous downward move. The next levels of support will be between the Fib 0.236-0.382 with the 0.382 level being previous resistance and with the potential of turning into support as it has formed itself as a key level. However, we have seen great volume coming into the market which could lead to a retirement to come sooner.
Thanks
The Market-Sniper Team
We have a potential rising channel forming, with price squaring up the previous downward move. The next levels of support will be between the Fib 0.236-0.382 with the 0.382 level being previous resistance and with the potential of turning into support as it has formed itself as a key level. However, we have seen great volume coming into the market which could lead to a retirement to come sooner.
Thanks
The Market-Sniper Team
