Price action on key level point to a potential second rally once institutions are finished accumulating and price breaks out of consolidation. After covering risk at 1:2, longer term targets can be defined by ABCD/Flag patterns, Fib extensions, or completion of bearish gartley, which are all in relatively close distance of each other
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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.