- Edited on November 8, 2021
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Preference:
We can expect price to drop from the pivot level in line with 127.2% Fibonacci projection and 161.8% Fibonacci Extension towards 1st Support in line with 61.8% Fibonacci projection and 38.2% Fibonacci retracement.
Alternative Scenario:
Alternatively, price could push all the way up to 1st Resistance in line with 161.8% Fibonacci projection.