Playing with hypotheticals regarding the breakdown of the large trendline that extends from the year 2000. It is very strong.
If price breaks down it is currently supported by the 4.618 fib
however this is just speculation, it is a lot more likely that continuation of the uptrend will result
Areas in red are very similar rejection points
If price breaks down it is currently supported by the 4.618 fib
however this is just speculation, it is a lot more likely that continuation of the uptrend will result
Areas in red are very similar rejection points
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