
SFM_Danny
@t_SFM_Danny
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SFM_Danny

We are reaching a key level in the fib retracement which sits at 201 USD. With the daily RSI being in the overbought area, I would expect a pullback to 180 or 165. DYOR, would love to hear your thoughtCurrently at 180 as projected

SFM_Danny

We saw a very successful bounce from the bottom of the golden pocket thanks to the 90-day tariff pause announcement, however we have stayed inside the downtrend pattern which I have highlighted. We could see a slow and steady decline back towards the golden pocket area. The theory here is that if we bounce again, we would be looking at a double bottom which is a bullish signal. Let's see how it goes. Feel free to let me know your thoughts.

SFM_Danny

I believe that we have arrived in the golden pocket area (between 0.618 and 0.65 on the fib). This could be the most probable reversal area, however with the market turmoil, not even the lord knows. If we can hold above 96, then a reversal could be in place. DYOR and let me know what you think.

SFM_Danny

With the failed attempt to breach the bearish resistance, it takes us back to the downward trend tunnel, and with the Sell signal triggering on the daily, I believe we could see a further retracement to around the 107-113 area. The RSI also just crossed itself, which further supports my belief. Let me know what you think! DYOR

SFM_Danny
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