looks to have bottomed close to previous low.
The Impulse from previous low served as support.
Now approaching first resistance zone
Behavior at the resistance zones will be telling of strength.
Rejection from first Red zone again would be a very bad sign.
Break of first Red zone should be easy if bulls have any strength.
1155-1160 is the immediate but minor resistance
1213-1224 was previous rejection, need to break.
1341-1356 will be serious resistance to contend with.
See some of my other plots and trade calls below.
I also plot Forex and Stocks, take a look at my profile page
Currently in Play:
FET battle of Impulses
BNB Re-Entry zones
MATIC Re-Entry zones
ZRX Break Out watch
NANO Impulse Redux
NEO Rocket Launch
(great entry, massive profits)
BTC path to 10k
(in Progress, perfect turns)
BTC bottom 3.1k
(caught the EXACT bottom)
(instant Profits, no drawdown)
(massive Profits, breakout entry)
(massive Profits, short wait)
(massive Profits, instant Win)
(PERFECT targets, massive profits)
FET top warning
(Top warning JUST in time)
(Top warning EXACTLY in time)
Of course, I have had total FAILS on some ideas too, not going to pretend.
But all of my plots show PRECISE entries, TIGHT stops, and EXACT targets.
Precision is the way of the Fib. Almost every turn happens at a Fib Line.