Preference:
Price is reacting in between ascending trendline and descending trendline. We can expect price to bounce from the pivot in line with 61.8% Fibonacci projection towards 1st resistance in line with 61.8% Fibonacci projection.
Alternative Scenario:
Alternatively, price might break downwards towards to 1st Support in line with 78.6% Fibonacci projection and 127.2% Fibonacci retracement.

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