Daily Chart
> The Potential Bearish Crab Harmonic Pattern that we identified HERE is not yet completed.
> TEL found Resistance at 141.4% Fibonacci Extension and Median Line of Andrew's Pitchfork.
> The 88.6% Fibonacci Retracement Level (PRZ of a Bearish Bat), 200MA and Lower Median Line of Andrew's Pitchfork seems to be supporting the downside. Furthermore support is noted at 61.8% Fibonacci Retracement Level.
> The last Candlestick was a Morning Doji Star which is a Bullish Reversal Candlestick Pattern but we still need a confirmation on Monday.
> First GAP was already filled but there is still another GAP around 2760-2770.
> RSI is currently at 56 (Based on 30-Day Period). Resistance is at 64 and Support at 50.
#Caveat
Like us on Facebook : www.facebook.com/FibonacciTrader
Disclaimer: Not a solicitation to buy or sell. Use at your own risk. This is for educational purposes only.
No comments:
Post a Comment