It has run nicely since the lows with incredible strength. But surely a correction will be necessary at some point.
Here we have some fib confluences in the area as well as bearish divergences. Similarity to the previous occurance might lead to 40-50% correction before resuming uptrend.
Surely not adivice to short here. Rather buy if hits zone in given time period
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Hold my beer pls
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No financial advice, do your own research, don't be stupid
Note
lets keep an eye on those fib levels down thereTrade closed: target reached
took a bit longer but target hitDisclaimer
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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.