The reason behind it is following confluences:
1. FIB 50% retracement ;
2. Weekly demand zone- strong imbalance, where started strong move up.
1. FIB 50% retracement ;
2. Weekly demand zone- strong imbalance, where started strong move up.
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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.