Price recently created a new high and started showing signs of Buyer's exhaustion. Price then pulled back and has stalled around the 38.2 and 50 fib levels. Waiting for a price action signal to take buys. Target 1 will be the previous high, target 2 will be the -27 extension, target 3 will be -61.8 extension
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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.