If the price breaks through the validation zone then I will look for a pull back to around 50% of the breakthrough leg up. We are at the end of a corrective cycle on the daily chart which is also a 161 extension of the B leg of this ABC cycle. Strong support makes this a classic magnet zone.
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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.