The key point is to close above 50.9 for at least 3 days then goals will be confirmed ..All indicators showing up move since recent bottom . its forms common bullish pattern with head and shoulders setup targeting 50% Fibonacci.. After achieve target we can double check for further move up or down .. in long term next goal will be 62% fibo at 63.5 then 68.8. One major condition for this scenario is to stay above 47.5 . if broken down with volume then cancel the idea .
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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.