Under Pressure
Our Pivot: 49.90
Our Preference: Short sell below 49.25 with strict stop loss of 49.90 and target at 48.22 and 47.74.
Alternate Scenario: Upward penetration of 49.90 will call for 50.25.
NOTE: Capped by a horizontal resistance at its 61.8% correction.
Chart with Supports and Resistances:
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