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DJI: Holding above Fibonacci golden ratio
Flag formation on 4 hours time frame.
The fall could be assumed to be consumed if the price holds above the Fib golden ratio of 50-60%.
The double bottom formation with higher-lows is another sign of buying accumulation.
Now the price is forming a flag at the crucial level. This could be a good place for further upside expectation.
The fall could be assumed to be consumed if the price holds above the Fib golden ratio of 50-60%.
The double bottom formation with higher-lows is another sign of buying accumulation.
Now the price is forming a flag at the crucial level. This could be a good place for further upside expectation.
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