According to him, this level is indicated by the Fibonacci model, which is used by the majority of traders. Should we apply it to the charts of the"big" bearish recession, its 61.8% level — which is the strongest support level for bulls — will indicate the"interesting" zone mentioned by @Yodaskk.
Last but not least, he spotted the Livermore Accumulation Cylinder trend line on big time frames. While this particular indicator is labeled as"possible" by the author, it also hints at the prospects of bullish progress.
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