It will require certain conditions in the smaller timeframe for me to trade the "retracement" even on the Daily TF there is a "reversal" signal (Price + TSI Divergence followed by a bearish engulfing candle)
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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.