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The price bounced up perfectly as expected and reached our profit target. Now we prepare to turn bearish below 86.31 resistance (Fibonacci projection, Fibonacci retracement, and horizontal pullback resistance) for a drop to 85.32 (Fibonacci projection, horizontal support).
Stochastic (21,5,3) is seeing a nice reaction off our 94% resistance level.
Sell below 86.31. Stop loss is at 86.75. Take profit is at 85.32.
