Price broke through the Trend Line and is currently retesting it. Pulling up a Fibonacci we can see that price retraced to the zone between 62% and 79%. If the trend line hold we can look for buy opportunities this coming week, but just keep an eye on the lower timeframes as price might break back into the trend line and carry on to the downside.
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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.