Interesting oberservation, all the previous rallies on fib fall exactly at 1.61 or 2.61 before retracing back to the lows. If we map in the similar trend on the current chart that comes exactly as 1.61 around 140/145 range which is a 3X from here and also comes in direct contact of the past trend line. This is not something unrealistic in this market considering everything has rallied massively and JD being the giant of the giants in China still hasn't moved at all. Is it a delayed rally to leave out the weak hands or is it just fantasy talk?
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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.