We clearly see that we are on an ascending trend. We see HH's and HL's.
According to Fibonacci retracement, we retraced from an impulsive wave. Now, as we are on the 60% level of retracement, we could expect another impulsive wave that targets the -27% level.
Don't forget about the stop loss.
According to Fibonacci retracement, we retraced from an impulsive wave. Now, as we are on the 60% level of retracement, we could expect another impulsive wave that targets the -27% level.
Don't forget about the stop loss.