Price is abiding to descending trendline resistance, signifying a bearish momentum. We can expect price to drop from pivot level in line with 61.8% Fibonacci retracement and 61.8% Fibonacci projection towards 1st Support in line with 61.8% projection.
Alternative Scenario:
Alternatively, price could push towards 1st Resistance in line with 78.6% Fibonacci projection and 78.6% Fibonacci retracement.

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