- Edited on December 3, 2021
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Preference:
We can expect that price bounce at the pivot in line with 161.8% Fibonacci projection, 161.8% Fibonacci extension, 61.8% Fibonacci retracement and 78.6% Fibonacci projection towards 1st Resistance in line with 23.6% Fibonacci retracement.
Alternative Scenario:
Alternatively, price could push further down to the 1st Support in line with graphical overlap.