As we can see we have a divergence forming on RSI + many dojis in a row showing weakeness. Fibonacci starting from 114.516 to 124.478 explain this rallie till the 50% (119.497). Also with the other Fib. if we buy the dip we can see that the 50% is exactly on the resistance. Not forgetting about both tredlines.
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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.