The recently broken level is now being tested and if price fails to close below the zone then we'll be looking for a buying opportunity. And if you shift to a 1D chart you'll notice that the price had just bounced off a 50fib level which gives hopes for long opportunities.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.