SHORT TERM BREAKOUT AS FIBONACCI LEVELS CAN BE RETRACED TO 0.38 AT WHICH POINT PROFIT CAN BE TAKEN, UNLESS IT PASSES TO 0.5 WHICH WIL IMPLY BREAK OF THE DOWNWARD TREND FOR FURTHER RISE IN PRICE, BULLISH ENGULFING CANDLES ALSO SIGNIFIES A CHANGE IN THE STOCK DIRECTION. THIS COULD PLAY OUT ALL THE WAY TO THE 200DMA
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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.