is approaching strong resistance at 83.31 ( Fibonacci retracement
, Fibonacci extension
, horizontal overlap resistance) and a strong reaction could occur at this level to push price down to major support at 81.56 ( Fibonacci extension
, horizontal swing low support). We do have to be cautious about our intermediate support at 82.12 ( Fibonacci retracement
, horizontal overlap support) as that level needs to be broken to open a further move down.
(34,5,3) is seeing major resistance at 95% where a corresponding reaction could occur.
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