Given the press up through the channel, I am watching closely at 173.86 for how it handles this Fib level but a short squeeze up to 197 is quite possible. If it does reach that, I will enter short there but given the market news - I will let is show signs of topping before stepping in front of this one.
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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.