Preference:

Price is currently at the Pivot level in line with descending trendline resistance. We can expect price to drop from the pivot level towards the 1st Support in line with 61.8% Fibonacci projection.

Alternative Scenario:

Alternatively, price could push pass the descending trendline resistance and push up to the 1st resistance in line with 61.8% Fibonacci projection and 50% Fibonacci retracement.

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