For shorts: Clear break and few candle closes below 79.609 will push it even lower to target 76.741
For longs: Rejection at 79.609 and 78.932 would signal a good entry for longs. ABCD completes at 85.230
For longs: Rejection at 79.609 and 78.932 would signal a good entry for longs. ABCD completes at 85.230
Note
We are at yellow box now. Look for price actions. Longs need hammer/ engulfing candle, shorts need a full red break down of 50% and preferably some candle close below 61.8%
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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.