A strong reaction of 78% fibonacci retracement on the 1hr and a lower time frame 15m I can see a 61% fibonacci bounce. Using high probability software and Elliot wave as a foundation of analysis it allows me to get in the market with a level of confidence.
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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.