"Since the macro accumulation (1W) is confirmed by strong Higher Lows (HL) and the current structure has broken (BOS) the key resistance at the 0.5 Fib level, my bias is Long-Term Long.
I expect any pullbacks (e.g. to the "0.5 test") to be corrective.
Then the first logical target is to withdraw liquidity and test the 0.32 Fib zone (~3000). If this zone fails to hold, the next target will be the gap zone above, and ultimately the ATX test (3974)."
This is not investment advice!!! Keep your risks low!!! Happy trading!
I expect any pullbacks (e.g. to the "0.5 test") to be corrective.
Then the first logical target is to withdraw liquidity and test the 0.32 Fib zone (~3000). If this zone fails to hold, the next target will be the gap zone above, and ultimately the ATX test (3974)."
This is not investment advice!!! Keep your risks low!!! Happy trading!
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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.
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.