Price is facing bearish pressure from our first resistance in line with our horizontal swing high resistance, 61.8% Fibonacci retracement and 100% Fibonacci extension where price could drop from this level towards our first support, which is in line with our horizontal pullback support and 61.8% Fibonacci retracement. It is worth noting that RSI is testing the descending resistance level.
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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.