I do believe this is a bullish fakeout of the daily bearish trend. We have a lovely doji candlestick on the daily which has rejected the 50 EMA to a T. We can also see the 61.8% fib lines up aswell
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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.