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Description:
This was a day that was supposed to be dominated by fundamental news: PPI. However Pivot Points, Fibonacci Studies, and a Triangle Break made it a very technically traded session. Once price picked its patch, a 38.2% retracement supported by the central Pivot Point produced precise 121.4% and 138.2% extensions. Why not a 161.8% you ask? Because the 138.2% was also the extact M4 Reversal Pivot Point!
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