Picking up losing chips that are left over last weekend when the month candle closed. institutional traders consolidated their long positions, and now new month new week, keep following the trend.
Close target 50% retracement of the last friday drop, before price decides what to do next.
Close target 50% retracement of the last friday drop, before price decides what to do next.
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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.