Preferred Case:

If price can close above the pivot, we could potentially see a bounce towards 1st resistance, in-line with 61.8% Fibonacci retracement and 78.6% Fibonacci extension

Alternative Case:

If Price Drops From The Pivot, We May See It Swing Towards 1st Support, In-Line With 50% Fibonacci Retracement And 78.6% Fibonacci Extension

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