Hard to tell what might happen here. We have broken below the rising channel and have retested it as a resistance implying further downward movement. However, we are currently right on a fib retracement level which could provide support.
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As seen above we appear to be following the bearish or neutral pathway.
It is not yet clear which we will lean-to, but bearish does seem more likely as the 0.382 has not held as support.
The next support is at 36440 and after that 34820.
It is not yet clear which we will lean-to, but bearish does seem more likely as the 0.382 has not held as support.
The next support is at 36440 and after that 34820.