The combination goes from the bearish trendline down.
A continuation of the downward movement down to the next support level at 3.736000000 is certain.
Caution: A possible trend reversal in the direction of resistance at 3.931000000 is also possible.
In the case of a trade, always set appropriate stop-loss settings.
Correction of the major bearish trend halted around the Fibonacci 0.24-Level.Continuation of the current descending trend is certain. Target of the current trend is 3.736 at the Fibonacci level 0-Level. Caution: A possible trend reversal in the direction of support at 3.931000000 is also possible.
In the case of a trade, always set appropriate stop-loss settings.
Support & Resistance | Price Range* |
---|---|
3rd High | 3.996000000 |
2nd High | 3.949000000 |
Next High | 3.931000000 |
Current Price | 3.766000000 |
Next Low | 3.736000000 |
2nd Low | |
3rd Low |