Is pullback going to end at 62% ? - Bullish Outlook
2020-01-22 01:50:53
Reasons:
- Price is supported at a key level and followed by an upward move
- Bearish trendline/Channel is broken up
- Pullback toward the break line happened and we are considering 62% fibonacci to buy
- Vortex Indicator identified a bullish trend
- Price has clearly broken the EMA 20
* This is only how we interpret the market