Hello and welcome ,,
Here is my Scenario i think it will happen .
First of all the lines with the colors are the Fibonacci lines , and the Purple line is Fibonacci 50% .
So as we can see the 50% became a strong support ,because the price was closing above twice ( 2 days ) , in the same time we are in up direction. ( Red trend line )
So now we know we are in triangle . If we hit number 4 ,
we will have a double bottom , and that will lead us to 750 direct , or we will see the price hit the resistance
line witch is 686 , then will come back to number 5 .
And if we make a number 5 and respect it , I guarantee that we will go to 750 .
1- Up direction ( Done )
2- positive triangle ( Done )
3- Double bottom ( Still )
I will updating >>
Here is my Scenario i think it will happen .
First of all the lines with the colors are the Fibonacci lines , and the Purple line is Fibonacci 50% .
So as we can see the 50% became a strong support ,because the price was closing above twice ( 2 days ) , in the same time we are in up direction. ( Red trend line )
So now we know we are in triangle . If we hit number 4 ,
we will have a double bottom , and that will lead us to 750 direct , or we will see the price hit the resistance
line witch is 686 , then will come back to number 5 .
And if we make a number 5 and respect it , I guarantee that we will go to 750 .
1- Up direction ( Done )
2- positive triangle ( Done )
3- Double bottom ( Still )
I will updating >>