The combination goes from the ascending trendline down.
A descent downwards to the next support level at 4.564000000 is considered certain.
Caution: A possible counter-trend in the direction of resistance at 4.832000000 should always be considered.
In the case of a trade, always set appropriate stop-loss settings.
Correction of the major bearish trend halted around the Fibonacci 0-Level.Continuation of the current descending trend is considered certain. Current target is 4.746 at the Fibonacci level 0-Level. Caution: A possible counter-trend in the direction of the support line at 4.832000000 should always be considered.
In the case of a trade, always set appropriate stop-loss settings.
Support & Resistance | Price Range* |
---|---|
3rd High | 4.941000000 |
2nd High | 4.930000000 |
Next High | 4.832000000 |
Current Price | 4.703000000 |
Next Low | 4.564000000 |
2nd Low | 4.486000000 |
3rd Low | 4.334000000 |