Black horizontal line is 0.23 fib of move from 26 to 55. 0.38 fib of the same move is our current bottom. Stops have to go above 0.23 fib (48.35).
At the moment we are making a bull flag so i expect price to go up. However if we break correcting channel we can enter short with a stop above current high.
At the moment we are making a bull flag so i expect price to go up. However if we break correcting channel we can enter short with a stop above current high.
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