Preference:
In reference to yesterday’s analysis, Head and shoulders spotted at the top of the trend, signifying a bearish momentum. We can expect the price to drop from the pivot level at (current price) towards the 1st support in line with 50% Fibonacci retracement.
Alternative Scenario:
Alternatively, price could bounce up to the 1st resistance in line with 50% Fibonacci retracement and 61.8% Fibonacci projection.

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