Yesterday and this morning there was a classic price rollback from the extreme peak shown the day before on Monday. Now the price has two options for further development, described in yesterday’s review: the formation of a triangle and the continuation of the fall to the range of 119.50/95. But the fall is strong, so the probability of further price decline to the specified range prevails.
On the four-hour chart, the price has overcome the support of the MACD indicator line, the Marlin Oscillator is not planning to turn around. The trend is downward, we are waiting for the price in the target range of 119.50/95 with a probability of 80%.
*The market analysis posted here is meant to increase your awareness, but not to give instructions to make a trade.
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