Assalamualaikum & very good day fellas.
Hope you enjoy the southern train that ends at 2487 (38% fibo).
Let's take a look on what is there facing us next week.
Analysis will be based on SBR/RBS (S = Support; R= Resistance; B= become); SND ; Simple Candlestick; Trendline and a few indicators of my choices.
Weekly Chart
Daily Chart
Question for this week- for readers
1. When do you change fibonacci reading (i.e 0% at top to 0% at below)
When you know this, and you have standard SOP of when you need to flip it, you will find that fibo is quite simple.
Disclaimer - I'm not good in counting EW. I Swing the trade using my own approach and strategy.
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