Its been a couple of days, Price is currently at resistance near its previous high.
There 2 Scenarios than can happen
1. It breaks resistance and reach the target in the next couple of hours.
2. If it doesn't break current resistance than we can expect the market to consolidate within the 73-100 area of Fibonacci retracement before price goes back up and hit target
There 2 Scenarios than can happen
1. It breaks resistance and reach the target in the next couple of hours.
2. If it doesn't break current resistance than we can expect the market to consolidate within the 73-100 area of Fibonacci retracement before price goes back up and hit target
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.