Preference:
Price is abiding to the descending trendline resistance. However, we can expect price to bounce from pivot level in line with 23.6% Fibonacci retracement towards 1st Resistance in line with 161.8% Fibonacci projection and 61.8% Fibonacci retracement.
Alternative Scenario:
Alternatively, price could push further down from pivot level to 1st Support in line with 50% Fibonacci retracement.
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