Break of .236 fib which has acted as good support will open up downside
Parallel channel hit and reversed price action earlier today
Waiting for break of yellow line & RSI trend to confirm downside potential firstly towards purple box (confluence of 2 fib levels) and secondly towards .5 and .618 fib levels.
Parallel channel hit and reversed price action earlier today
Waiting for break of yellow line & RSI trend to confirm downside potential firstly towards purple box (confluence of 2 fib levels) and secondly towards .5 and .618 fib levels.
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See if this level now turns into resistance
