Daily Chart
"Real Bulls Must Rest Every Once In A While. They don't just run straight up nonstop. Like athletes training for the Olympics, they need to take a breather every now and then. So they rest a little and dip a little, but in the end they keep heading higher".- Lauren Rudd
> It seems that DD found resistance at 10.
> The 23.6% Fibonacci Retracement Level (@8.20) and 23.6% Fibonacci Fan is supporting the downside. Further support at the following:
@7.10 or the 38.2% Fibonacci Retracement Level and Fan.
@6.20 or the 50.0% Fibonacci Retracement Level and Fan.
@5.30 or the 61.8% Fibonacci Retracement Level and Fan.
> Beware also that there is still a GAP between 3 to 3.50 area. Take note that this will be filled in the future.
> Relative Strength Index or RSI is at 90.51 (based on 14-Day Period) which is extremely overbought.
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.
Disclaimer: Not a solicitation to buy or sell. Use at your own risk. This is for educational purposes only.
No comments:
Post a Comment