I marked the blue 1.618 extensions that indicated the top before. When the 0.786 marks the local top, the 1.618 seems to indicate the next cycle's top. This cycle the 0.786 is at practically the same price as the 1.618 extension of the previous cycle !!
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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.