In this time frame, as we said in the previous analysis, we climbed up to the 0.618 Fibonacci range by breaking our resistance ranges. By correcting the price up to the range of $1307, we expect the formation of a Inverse head and shoulders pattern and with the formation of this pattern, the price will rise to the resistance range of $1399. If the support range of $1307 is broken, we will see the price drop to the range of $1270
Support range: 1307-1270-1250
Resistance range: 1343-1368-1400
Support range: 1307-1270-1250
Resistance range: 1343-1368-1400