Possible long term wave pattern. If valid we seem to be in a ABC correction, and should expect a move up in price to point C. The first target zone would be last impulse wave 4's zone which goes up to around 62.5
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Idea and wave count gains further support. Ready for a breakout of fib 0.618 on daily chart. Price might need to consolidate some first.
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Lets see if fib 0.382 will hold as support for the bullish (cyan) trendline tomorrow.
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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.