I believe we can see some downside here. Price has bounced of the 61.8 fib level and looks to have created a triangle pattern. I’m not currently in any positions, I will wait for a breakout of the rising wedge for a short position.
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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.