- Edited on November 5, 2021
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Preference:
We can expect price to bounce from the pivot level in line with 100% Fibonacci projection and graphical overlap support, towards 1st Resistance in line with 50% Fibonacci retracement.
Alternative Scenario:
Alternatively, price can push further down to the 1st Support in line with 50% Fibonacci retracement and 127.2 % Fibonacci projection.