Yes we reached. Usualy a 0.382 make and extension of 1.618 - 2 (sometimes 2.24).
But the retrace before was not even of 0.382 (lower than that) and the weekly is lower at 1.27 area
If we see the move of june we cross the 0.382 and usually it goest to the 0.5 same level 127
So i can be wrong and even it is the case it will better than take a bad trade :_)
We are looking on lower time frame for a bounce to enter in case of consolidation at that price
Trade your plan
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