One technical double top reinforced by the monthly fractal as resistance forged at 102.99 - The pattern requires validation below February lows (88.25) and it should target the 200% extension below (75.87), converging with the major 88% fib retracement level and the previous structure lows from 2011;
The inverted head and shoulders (as a trend continuation) - We still need the right shoulder to form, we are approaching one major ascending trend line as potential support but also the 78% fib retracement as a bullish cypher pattern completion point (91.40), which may help the formation of the missing shoulder - The pattern requires validation above the monthly resistance forged at 102.99 and it should target the 200% fib projected at 115.35 - also converging with the 88% fib retracement level and the previous structure highs from 2001/02.
I am a financial market analyst based in Porto, Portugal. I provide market forecasts to a group of professional traders, playing a crucial role in assisting them in making well-informed decisions in the financial markets.
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I am a financial market analyst based in Porto, Portugal. I provide market forecasts to a group of professional traders, playing a crucial role in assisting them in making well-informed decisions in the financial markets.
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免責聲明
這些資訊和出版物並不意味著也不構成TradingView提供或認可的金融、投資、交易或其他類型的意見或建議。請在使用條款閱讀更多資訊。