Preference:

Price is reacting within and ascending wedge, we can expect price to bounce from the pivot level in line with 61.8% Fibonacci retracement and 127.2% Fibonacci Projection, towards the 1st Resistance in line with 78.6% Fibonacci retracement and 61.8% Fibonacci projection.

Alternative Scenario:

Alternatively, price could push downwards from the pivot level towards 1st Support in line with 161.8% Fibonacci projection and 78.6% Fibonacci retracement.

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