The bullish trend is valid on all the major timeframes, and the market is at the daily target fibo 61.8, already above the last clean breakdown - the border of the expansion phase.
Daily chart:
If this small countertrend is broken (at the trigger zone), the first target is the daily peak (target fibo 100).
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Orange lines represent impulse bases on major timeframes, signaling the direction and validity of the prevailing trend by acting as key levels where significant momentum originated.
Level colors: Daily - blue Weekly - purple Monthly - magenta H4 - aqua Long trigger - green Short trigger - red
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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.