Reworking this chart again and you can now see that the big bullish move up has really drawn the 50 MA skyward. This is looking great!
Note
At this point in time and place on this fib chart I would anticipate a retrace to the 50 MA that would coincide with the top of the previous impulse and that would be the 14300 area. Not saying for sure but my gambling money would be on this type of a move occurring before the next leg higher.Note
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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.