As you can see, the price hit the level of 1.618
And the price has dropped a bit to re-enter the trend
To ascend, it must remove the 1.618 level from its path
And after breaking the price balance, it can advance to the midline of the channel
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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.