Given the price behavior within the Fibonacci levels, a trend change is likely. Then the start of an uptrend is possible.
If the price breaks through the support zone, a continuation of the downtrend is likely.
If the price breaks through the support zone, a continuation of the downtrend is likely.
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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.