Price is approaching our first resistance in line with our descending trend line, 61.8% fibonacci retracement and 61.8% fibonacci extension where we could see a reversal below this level to our first support target. Ichiomku cloud is showing signs of bearish pressure in line with our bearish bias.
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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.