Market Reversal prediction
The bearish trend might be able to hit support and bounce back to hit the 38.2% level to then retest. if it breaks then will hit the 61.8% level and again a possible reversal, if it breaks then will go bullish towards the resistance.
Note
It's a short. strategy I was confused thinking traderview asked me if it was long-term
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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.