The price has broken through the uptrend line and is trying to return to the Fibo level of 38.2%. If the level is not broken, the price will drop to the downtrend line to the Fibo 50% level
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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.