The bar on 12-18 is a real trade so we must consider using it in our Fibs. Some times you get fake bars from data corruptions. Not this one. So you can see we did get a 50% retracement close to the 197.46 and now we are moving higher. Look for a double top at 213.98 and wait and see what the market will do. It can reverse and go down, sideways or break back test and move higher.
Watch list today: MELI, MWE. Looking for a pull back for an entry.
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