The sentiment of the market is still supper bullish. As it can be inferred from the chart, the price has formed a nice bottom on a zone of demand that aligns with 0.5 Fib retracement zone. We are now waiting for more confirmations on lower timeframes, before launching long positions and aiming for the previous Higher High, which is indicated on the graph.
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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.