Potential Reversal Pattern

15 มี.ค. 2018

Hello fellow Europeans!

I don't know if this analysis is valid, feel free to comment below. I'm always willing to know other people's perspectives!

-Falling wedge formed.
.Currently fighting for bounce at 6.6k€ support.
-Currently bouncing off 0.618 Fibonacci.
-Needs to break and close above 7,2k€ to escape from falling wedge and a very strong resistance.
-4h RSI Bullish Divergence .
-If we break the falling wedge closing above 7,2k€ , this scenario could be at play.

Target : 11.5k-12k€ fibonacci by the first week of April.

Let's see!

Cheers,

Johan.

19 มี.ค. 2018

บันทึก

We have just broken the falling wedge. Let's see if the daily candle closes above 6,8k€ for confirmation.

Cheers,

Johan.