As it can be noticed from the graph, the price is forming a top at the area of local resistance that lines up with 50% Fibonacci retracement level. From here, we are expecting for the price to keep dropping down till the 159.5 zone of support that is illustrated on the chart.
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.