Price is facing bearish pressure from the first resistance level, in line with the 127% fib extension where we could see a drop to our support level where 78.6% fib retracement is. Stochastics also shows that price is reaching resistance.
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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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.