On the weekly timeframe, the price failed to break above the gap and settled below the 50% Fibonacci level. This week, the price shows weakness at the new gap. Therefore, I will look for quick short-term sell opportunities before considering suitable buy positions.
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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.