Price is at a daily institutional order block, .618 Fib retracement of the whole range up and 2.618 extension level of the first wave down at the daily chart. Price broke broke downwards trend so this may be the start of a massive impulsive move up.
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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.