Correction of the major bullish trend broke through the Fibonacci 0.24-Level.Continuation of the current descending trend is likely expected. Target of the current trend is 5.4165 at the Fibonacci level 0.5-Level. Caution: A possible reversal of the trend in the direction of the support level at 6.100000000 is also possible.
In the case of a trade, always set appropriate stop-loss settings.
Support & Resistance | Price Range* |
---|---|
3rd High | |
2nd High | 6.147000000 |
Next High | 6.100000000 |
Current Price | 5.792000000 |
Next Low | 5.631000000 |
2nd Low | 5.304000000 |
3rd Low | 4.686000000 |