Price is retesting the Supply zone
Based on the previous analysis the 5th wave had completed. Price has jumped from the Demand Zone creating an uptrend towards the Supply Zone.
If price respects the supply zone and price action is created inside the zone then I expect it to fall down to the swing low or 200 simple moving average or 50% Fibonacci of the uptrend
DO NOT ENTER THE TRDE WITHOUT PROPER RISK MANAGEMENT. YOU ARE RESPONSIBLE FOR YOUR TRADES
If price respects the supply zone and price action is created inside the zone then I expect it to fall down to the swing low or 200 simple moving average or 50% Fibonacci of the uptrend
DO NOT ENTER THE TRDE WITHOUT PROPER RISK MANAGEMENT. YOU ARE RESPONSIBLE FOR YOUR TRADES
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