Price is testing our first support (horizontal overlap support, 50% Fibonacci retracement
, 61.8% Fibonacci extension
) where a strong bounce to our major resistance (horizontal pullback resistance, 38.2%Fibonacci retracement, 61.8% Fibonacci extension
). A break above our intermediate resistance (horizontal swing high resistance) might provide the bullish
acceleration to our first resistance level
is approaching support as well where we might see a corresponding bounce in price.
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