After it breaks the short-term trendline we will see a drop again. The reason why I am expecting is that we can see a perfect retracement of 0.618% Fibonacci level and the Market was supposed to drop to a negative -0.618% Fibonacci level but it turned back earlier. So a touch to -0.618% is still pending and once it touches -0.618% we have another trade where it will retrace back to 0.382% to our entry and will drop to 0.382%.
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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.