Price holding below 61.8% Fibonacci retracement, 61.8% Fibonacci extension and horizontal resistance. A short term drop below our 1st resistance at 49.90 towards our 1st support and also 127% Fibonacci retracement and horizontal swing low at 49.23 could be possible.
This analysis is provided as general market commentary and does not constitute investment advice. Past performance is not indicative of future results
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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.