Preference:
Price is abiding to the descending trendline resistance, signifying bearish momentum. We can expect price to drop from pivot level in line with 78.6% Fibonacci projection and 61.8% Fibonacci retracement towards 1st Support in line with 38.2% Fibonacci retracement and 78.6% Fibonacci projection.
Alternative Scenario:
Alternatively, price might push up to 1st Resistance in line with 100% Fibonacci projection.
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