macro scale frame
on the 4 hour, we are currently at .618 fib support, however thats on a 4 hour. if we switch to the daily, youll see next "major" (.382) support is basically 93k. Im thinking we will reach it, the fill the cme gap that just formed at 97k. Thinking its a v shape recovery, then we go down to .618. Range, maybe form a W and then up we go.
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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.