If we break out of the rectangle heading downwards following Fibonacci we can monitor for a bounce off one of the levels based on the momentum of the moves.
If we bounce off the rectangle and break upwards I would expect a strong move upwards to test resistance again.
If we bounce off the rectangle and break upwards I would expect a strong move upwards to test resistance again.
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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.