VERI has reacted higher after reversing in an area of 4 fibonacci price relationships
100% extension orange dash swing low
100% extension of yellow dash swing low
61.8% extension of red dash swing low
61.8% retracement of move higher from March low
I favor entry on a pullback into the fib level confluence area OR waiting for a move over the VWAP from March low (above 10.9)
100% extension orange dash swing low
100% extension of yellow dash swing low
61.8% extension of red dash swing low
61.8% retracement of move higher from March low
I favor entry on a pullback into the fib level confluence area OR waiting for a move over the VWAP from March low (above 10.9)
Note
The fib confluence area worked well, above VWAP from low 10.9 this should absolutely fly
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.