I have identify 3 resistances that created a resistance zone: 1. Semi-tangible: Fibonacci Retracement level of 78.6% of Primary Wave 1 2. Tangible: Intermediate wave 2 of Primary wave 1 price resistances 3. Intangible: Wave C = 1.618xWaveA of Primary Wave 2 The risk-reward ratio looks good for shorting.
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