Well we did one more tiny low but might have started now what appears an wyckhoff spring where downtrend might get surpassed.
intermediate 0.618-0.886 might be areas of reversal, above 0.886 next target will be 1.272 intermediate and major (nice confluence).
Price now should retrace before taking local 4.236
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Hold my beer pls
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intermediate 0.618-0.886 might be areas of reversal, above 0.886 next target will be 1.272 intermediate and major (nice confluence).
Price now should retrace before taking local 4.236
---
If you like my content, if it helps you gain profit, give it a like!
Thanks!
---
Hold my beer pls
----
No financial advice, do your own research, don't be stupid
Note
if it fails to stay above the channel, especialyl 1.0 fib, expecting quick drop to new lows due to the fractal:quick pump right into 3.618 and continous selling into 1.272 opposite
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Related publications
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.