THE PRICE IS IN FORMING A HEAD-SHOULDER PATTERN.

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If the price break the neckline area, according to fibo analysis, the next area is rounding the 8000.
Nota
the price is breaking the neckline of the H-S pattern, if the price rebound in this area to go short. The 8000 level is the next chance to go long.
Chart PatternsHarmonic PatternsWave Analysis

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