We just tested the .50 fib retrace and are now compressing in a wedge. We might take one more low to the .618 or break out to the upside. RSI looks supportive of an upward move. unclear if this will be a strong move to new highs or a trendline breakout and then retest.
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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.