flag break and retest
Impulse correction, impulse correction has been the current price movement .momemtum is looking strong to the upside.
The price is pulling back for a retest. the likely zone it's likely to bounce off is the pull back to the 0.618 fib level in confluence with the trend line. If the Price bounces on the 50 or 100 EMA in that zone. we enter long with first targets at the 1.27 fib extension.
The price is pulling back for a retest. the likely zone it's likely to bounce off is the pull back to the 0.618 fib level in confluence with the trend line. If the Price bounces on the 50 or 100 EMA in that zone. we enter long with first targets at the 1.27 fib extension.
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