The daily chart is very bearish and has broken the 2nd aggressive trend line and continues to drop. There is no place to put a fib so we will monitor the trend lines. The 2 hour chart is just sideways and making no price action. The 1 hour chart is bearish The AB boundary off the fib we placed is A at 97.46 B is at 96.79 and the D extension is at price level 96.38. We are waiting for the pullback to the 50% or the 61.8 Fibonacci level. The 15 minute chart is sideways so we will look to take our trade off the 1 hour chart. We placed a channel on the 15 minute chart if it breaks to the upside or the down side we will than take some action until then we will work off the 1 hour chart.
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