Looks like the completion of an ABC pattern. I'm looking for a retrace to .50 -.618 and then a Kumo twist for larger reversal.
Trade active
It went beyond the pattern to fib level 1.88. Now dropping rapidly.
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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.