The price is in a bearish trend

The price reached a Key Level and is rejecting that level which indicate us, the price won't break the Level making us looking for Short entries

Using Fib Retracement we can see the price is reaching 23% which is an entry point, so that would be a good entry and the target is usually 50% ou 61%

The target is the one most suitable to your strategy and your capital.
Chart PatternsTrend Analysis

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