Is it forming a Head and Shoulder Pattern?
At a Larger Trend it already retraced at .618 level of Fibonacci and bounces it off many times.
Now it is in Sideway move and at a strong support price of 3.6 to 3.85 level.
If the next candle will close above 4.0694 then hopefully we can see an upward move towards to
.618 level of Fibonacci which is 4.52.
Now it is in Sideway move and at a strong support price of 3.6 to 3.85 level.
If the next candle will close above 4.0694 then hopefully we can see an upward move towards to
.618 level of Fibonacci which is 4.52.
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