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We are seeing lower highs forming, and as we said before (link below), we are reaching a weekly resistance level from the Fibonacci Retracement. That is why, if we break below this rising channel and rising wedge, we should see a continuation further to the downside to our targets:
3100
3000
2900
And even lower
We will update you then.
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What do you think?
Good luck traders,
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Not financial advice
Manage risk and leverage
DYOR
NajjarTrading