As the weekly candles entered the Ichi cloud a couple of sessions ago, we see the exhaustion of the rally that topped with last week doji. Price is following the same way as volume and this is online with previous resistance from october '15 at this same area.
The two fib shown have one convergence at 45.5 not far from the upper limit of the cloud. This target could be reached in the following weeks.
The two fib shown have one convergence at 45.5 not far from the upper limit of the cloud. This target could be reached in the following weeks.
