Prices are facing bearish pressure from 1st resistance which is our horizontal swing high resistance, in line with 78.6% fibonacci extension. Prices might push down towards 1st support which is our horizontal swing low support which is in line with 50% fibonacci extension and 61.8% fibonacci retracement. Stochastics is also facing resistance from 90.92 level, signalling a possible push down, in line with our analysis.
This analysis is provided as general market commentary and does not constitute investment advice. Past performance is not indicative of future results
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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.