D1 : For the second consecutive session, D1 closing has been below the Mid Bollinger Band. Indeed, yesterday's price action, despite a new upside of MBB attempt, finally triggered a "doji" pattern = uncertainty and indecision. Watch ongoing price action and keep an eye on the 50% Fibonacci retracement @ 52401 as the next important support level. Important to note the "fragility" of the 54000-50000 trading zone and we may see a "mirror effect" of the price action seen on 8th and 9th March. As already mentioned the psychological level of 50000 coincides roughly with the 61.8% Fibonacci retracement @ 50187 of the 43021-61781 rally. Last but not least the D1 clouds support zone is also around 50000... Watch also carefully price action on shorter time frames, H4,H1 and M15 Have a nice trading day All the best and take care Ironman8848
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