Price has retraced to and reacted from the 0.618 retracement of the last move up, and a bullish engulfing weekly candle seems to be forming. With potentially 2 1-2 setups, a large third wave rally could be soon to follow
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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.