- Edited on November 19, 2021
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Preference:
We can expect that price would make a bounce from pivot level in line with 61.8% Fibonacci projection and 61.8% Fibonacci retracement towards 1st Resistance in line with 50% Fibonacci retracement.
Alternative Scenario:
Alternatively, could ride the downward trend to 1st Support in line with 78.6% Fibonacci projection.