Friends, observe here we have strong Fib Channel support that was previous resistance early 2017 shown here:
A breakout here will be violent and impulsive! If this scenario plays out, we can look at testing the top of the fibonacci uptrend channel around $5200 - $5400
If we break down, we will retest the next uptrend support around $2800 and see if we can consolidate upwards for a third try on breaking the bearish resistance.
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