has pulled back to it's 78.6% Fibonacci and it's long term trendline
. This is a great Buy Zone area. I have used the Fibonacci to project the target which matches perfectly with the parallel Flag Target derived from measuring the move up and projecting it from the flag breakout
. When combined with the Fibonacci to get the same target (the 127.2% Fibonacci), this is very strong and the probability of reaching this and pulling back is very high. My recommendation is to either wait for a slight pullback here onto the long term trendline
or wait for the flag to break before going long. It's not advisable to buy at flag resistance.