The combination goes from the ascending trendline downwards
A bearish descent down to the next support at 0.528600000 will continue.
Caution: A possible trend reversal in the direction of the resistance zone at 0.545900000 could be enabled.
Consider stop-loss settings accordingly.
Correction of the major bullish trend halted around the Fibonacci 0.7-Level.Continuation of the current ascending trend will continue. Target of the current trend is 0.53715 at the Fibonacci level 0.5-Level. Caution: A possible trend reversal in the direction of the resistance zone at 0.545900000 could be enabled.
Consider stop-loss settings accordingly.
Support & Resistance | Price Range* |
---|---|
3rd High | 0.634200000 |
2nd High | 0.627400000 |
Next High | 0.545900000 |
Current Price | 0.534100000 |
Next Low | 0.528600000 |
2nd Low | 0.528400000 |
3rd Low | 0.526000000 |