-Price could retrace back to the demand turned and bears could take control to the downside.
-The downward could be an excellent entry as price as already retraced around the 23.6% level and from the .
-50 is above price which indicates signals.
-Good opportunity to sell of the and looking to enter at a strong candle.
-Or wait for price to breakout the and wait for retracement to enter the trade.
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Have a good trading week!