ABC approaching resistance, potential drop!
ABC is approaching our first resistance at 87.12 (horizontal overlap resistance, 100% fibonacci extension, 76.4% fibonacci retracement) where a strong drop might occur below this level pushing price down to our major support at 81.08 (horizontal swing low support, 38.2% fiboancci retracement).
Stochastic (55,5,3) is also approaching resistance where we migth see a corresponding drop in price.
Stochastic (55,5,3) is also approaching resistance where we migth see a corresponding drop in price.
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