I did quick and simple T/A and in my opinion seems to be the likely outcome. EMA lines are about to cross, it has made a lower low, which has now flipped the Fibonacci and likely to get rejected at the 61.80% - 50% range. The path lines aren't placed specific to the timeframes so ignore that it stretches way into 2025.
Trade active
Entered my position. It's heading towards worse case scenario key levels. Lets hope to find a bounce here:)Trade closed manually
Despite wanting to dip a little bit more after I bought in, it's safe to say this played out very nicely. I've closed my position. Will be waiting for a pullback before re-entering.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.