Price has retraced to the 0.618 (61.8%) and it held. This usually indicates a higher move is due and we have placed the stop under the swing low. 1.2660 Placing the Pitchfork also highlights where the next levels of resistance will be and possibly last line of defense.
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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.