Price is currently in a downtrend, price broke out of the previous LL and is now pulling back to retest that level, placed a trade on the 50 Fibzone. Note that the daily candle also closed as a bearish pin bar.
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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.