If the market is supported in its static support area, which is at its previous uptrend level at 382 Fibonacci level, it can target the previous wave at the level of 161/8 Fibonacci targets based on the strong wave rule.
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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.