In this time frame, the price has faced strong support in the range of $1191, and with the decrease of the range of motion, a pattern has been formed.
Rising wedge
The data is a continuing pattern and the price is expected to rise up to the 0.5 Fibonacci range first, then enter the falling phase, and after crossing the support range of $1191, we can witness a further price drop to the range of $1171.
Support target: 1171-1177-1191
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