Tawin 7097
After the strong rally from previously, prices breakthrough the fibo resistance area level 1 and it went all the way up towards the Golden Ratio Resistance Area. To add a 2nd layer to it, that area is actually also the 2.618 of the Fibo Retracement, forming a Death Triangle Pattern. Where prices find it hard to breakthrough that Triangle.
Prices are now forming a small ranging mode between the fibo level 1.618 and 1. By adding a pitchfork into the picture, we can see that prices are actually forming a mini ranging uptrend pattern within the Pitchfork.
The next possible target would be back towards the Death Triangle Pattern. However, if prices are to break below the Combo Triangle Support, then all hope is lost.
Industry: Metals.
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