- Edited on November 19, 2021
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Preference:
Price broke out the ascending trendline support (now resistance). We can expect price to drop from Pivot level in line with 23.6% Fibonacci retracement towards 1st Support in line with 38.2% Fibonacci retracement.
Alternative Scenario:
Alternatively, price could push further up towards 1st Resistance in line with 38.2% Fibonacci retracement.