CLV7:
Our expectation: Short trend - lower high. Price remains below the two MA's, correction to Fibo 50%, and break of diagonal support. SL: $49
Alternative scenario: If the price moves above the diagonal resistance and above the previous high, this will change our view.
Comment: Short Trend, correction to Fibo 50%, break of diagonal and horizontal supports, 50/200МА remain in bearish formation, price remains below both MA's.
DeM: Again points down for short.
Trader - S. Fuchedzhiev
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