- Edited on September 29, 2021
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Preference:
Price is approaching the pivot where we may potentially see a bounce towards 1st Resistance, in-line with 23.6% Fibonacci Retracement and 61.8% Fibonacci Extension
Alternative Scenario:
If price drops from the pivot, we may see it swing towards 1st Support, in-line with 161.8% Fibonacci Retracement and 127.2% Fibonacci Extension