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yesterday we saw a fairly large downswing.
Today we can see the price winding down further and further, the congestion zone is getting smaller and smaller.
I think the price will continue to wind down (tighten up) until it hits the support.
Then i expect it may potentially bounce off the support, straight through the resistance and resume the original avg trend
i think this is a head and shoulders starting to form. expect it bounce of support and resistance before cruising back to resume trend.
I expect to be opening a long position around 8/9 am (GMT) should this prove true.