yellow zone is near 0.5 and 0.618 of Fibonacci retrace and also near 1 of Fibonacci extension. there is also a pattern like flag or triangle shape pattern. the pattern are going to be complete its cycle and after that if price can stable itself higher than the upper trend line it can go more up. the pink zone is 1.618 of Fibonacci extension and also near previous big high. also the pink zone is near light blue trend line. so the yellow area is good support and pink area is good for next target.

alternative plan is short position when price stable bellow yellow support area and trend line so price can go more down.
Chart PatternsTrend Analysis

Haftungsausschluss