In this time frame, the price was able to break the ceiling of its ascending channel and with a Sharpie climb up to the range of $1416 and faced strong resistance in this range and entered the correction phase. If the 0.236 Fibonacci range continues to support with the formation of a Falling wedge pattern
which is a kind of bullish pattern, we will see the price rise further up to the range of $1461.
Resistance target: 1415-1434-1461
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