Looking at the chart right here , we can see structure has been broken with a huge demand in the market pushing it to the upside , now price is slowly retracing with a less seller in the market and we can expect it pull back to the 61.80% fib retracement area with the strong demand zone , if we use a 200MA in the 8hr bigger timeframe as well , we can expect it reject to the 200MA and having another bull run .
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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.