retracement completed???

Engulfing bearish candle on the daily chart shows that the price was rejected by the fib 50% level of the previous downwards move might signify that the bull rally might have been completed.

The price is now rests at the important psychological round number 150.00.

Daily chart as of market closing:


1 comments:

Post a Comment

You are welcome to post comments. However, please do not use Anonymous as your ID. At least, put in your initials for easy reference in further conversations.

Subscribe to: Post Comments (Atom)