Potential Bullish BounceOn the H4, with price recently breaking the descending trendline and price ascending on the RSI, we have a bullish bias that price will rise from the buy entry at 26100 in line with the 38.2% fibonacci retracement to the 1st pullback resistance at 27130 in line with the 78.6% fibonacci projection and 61.8% fibonacci retracement. Alternatively, price may break the support at entry and drop to the 2nd support at 25550 in line with the 61.8% fibonacci projection amd horizontal multiple swing lows.
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