Probably good long term buy opportunity
If price retraces to 200-190, then it is good long term buy opportunity.
The reason behind it is following confluences:
1. FIB 50% retracement;
2. Monthly 20 EMA support;
3. Weekly demand zone;
4. 200 is good psychological number.
The reason behind it is following confluences:
1. FIB 50% retracement;
2. Monthly 20 EMA support;
3. Weekly demand zone;
4. 200 is good psychological number.
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