After an impulsive wave as wave 3 price retraces to 61.8% previous move. This point can act as a strong PRZ. Now we can expect an upward move at least to the 31.8% of wave a.
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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.