Which way is the music going?
If the price action falls through that 0.382. It will be looking for support. Perhaps at the 0.786 or the 0.618 of the next Fib Channel. How far will the knife tumble?
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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.