Is price bouncing up from lower channel ?

8 янв. 2018 г.

There are 2 scenarios.

If it breaks down from the lower channel, it would test the 618 FIB level and hopefully have a rebound.

If not, it may rebound from the lower channel and heads up.

Notice it is still in a bullish trend in the 4H chart.

Do not short unless you are clear what you are doing and have a strategy for it.

Best of luck to all

10 янв. 2018 г.

Заметка

the price has hit the 618 FIB level, watch out for possible rebound. Not likely based on current price action, wait and see, no hurry to buy