PCOR trading the range, now at lower end

PCOR is trading the range where we have our higher end at 23.6% and lower end at 38.2% Fibonacci Retracement level. While PCOR is heading towards the lower end we see a Doji candlestick which suggests that traders are now in an indecisive mood where they want the price to go. But since Doji have low reliability, we need a confirmation by way of a gap up or a large green candlestick. If confirmed, then we will see a reversal which means bounce to higher end of the range.

Caveat!

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