There are two possible scenarios, the first one is a corrective upside move that will reach the resistance area and then a reversal. The second one being it breaks the support area, continuing its downtrend further to 0.5 and 0.618 Fib levels respectively.
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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.