Price increased and is almost to reach the third warning line (WL3) of the descending pitchfork. It seems like we had a false breakdown below the 100% Fibonacci level, but only a valid breakout above the WL3 will confirm a further increase towards the median line (ML) of the ascending pitchfork. Price is somehow expected to climb much higher after the failure to reach the median line (ML) of the descending pitchfork.

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