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In the following flow of analysis, the short term outlook is bearish. However, on the longer-term charts, the price is above the bullish structure.
Meanwhile, from a longer-term perspective, a top-down analysis offers scenarios for both the bears and the bulls as follows:
The bulls have established and are testing the trendline resistance of the wedge formation.
The daily channel support and combination of structures offer a bullish bias while above the zone which happens to have a confluence of the 61.8% Fib.