6500? Says Fibonnaci and Gann!!
I was feeling creative and put both together for fun..wow!!!!!
Price is sitting at the 61.80% ($6996.34)of the last push and simultanesouly sitting on a horizonatal Gann support line.
Based on current trend, if conditions continue, $6591.00 is the next target down, short-term reversal up means $7280.00 to $7563.00
Be cautious here folks.
Disclosure: I re-entered a short at $7560, currently, 7.40% profit so far.
Stop loss trailing 2% behind.
Happy Trading,
FIBAUS
Price is sitting at the 61.80% ($6996.34)of the last push and simultanesouly sitting on a horizonatal Gann support line.
Based on current trend, if conditions continue, $6591.00 is the next target down, short-term reversal up means $7280.00 to $7563.00
Be cautious here folks.
Disclosure: I re-entered a short at $7560, currently, 7.40% profit so far.
Stop loss trailing 2% behind.
Happy Trading,
FIBAUS
Eat, Sleep, trade
Trend is still down and sits under the 61.8% Fib area of the last to 8400
If the sideways movement continues, we can expect a push to $7100. Breaking upward may send the market into a small frenzy. At time all new targets will be published.
If trend continues downward, target still remains 6500.
PS: My inbox is full, I will try to respond to everyone tomorrow. Its bedtime!
Happy Trading,
'FIBAUS