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Nasdaq long idea

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There was a bullish break of structure and price retraced twice from the 1st supply zone and the reactions were not strong. A retarcement to the 0.50 fibonacci level has happened and a bullish engalfing pattern was form on the daily chart. (nasdaq respects the 0.50 and 0.61 level which I noticed through back-testing).
From here I see an uptrend continuation to the next supply zone.

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