Prices are approaching ascending trendline support in line with horizontal swing low resistance in line with 61.8% Fibonacci extension and 78.6% Fibonacci retracement. Prices might push up towards horizontal swing high resistance in line with 78.6% Fibonacci extension. If prices push down, prices might take support from horizontal swing low support in line with 127.2% Fibonacci retracement and 78.6% Fibonacci extension. Stochastics is also approaching 5.44 support level, with potential for a bounce.
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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.