Analysis
Trade safe!
- Breaking beyond the yellow line nullifies this bias. A pullback is to follow, at least to the white line.
Pulling the fib retracement from the yellow line to the beginning of one confirms there is likely going to be a bounce to the area in question. - This is a short term outlook, and we might happen to be in a correction, in which case there we go beyond the red lines before going down.
Trade safe!
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