Recently we have bounced off of daily demand and broken the downward trend. Looking at the 1 HR, we can see that structure has been broken to the downside. This indicates that we might be pulling back on the 4 HR. Looking to target 28.78. Look for confirmation on the 5 min time frame once 1 HR has pulled back at least 50% since we are going against the trend.
FibonacciMultiple Time Frame AnalysisSupply and Demand

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