It is expected that a trend change will form at the current resistance level and we will see the beginning of a downtrend. Otherwise, the uptrend could advance to the 78.6% level, then there will be a possibility of a trend change.
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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.