On daily chart we can see that the price is in big flag formation. It is possible that the price will retest 38.2% and make impulse move to the upside or it will break the flage and push more to the down side to 50% retracement or even 61.8%
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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.