Classically we get pullbaks that tend to retrace anywhere from the 38% - 61.8% retracement zone. At bear minimum we would like to see this fall towards the $108 level before initiating any new longs
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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.