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The range is formed by the 23.6 percent and the 14.6 percent retracement of the uptrend from $2,552 to $2,856. A break above $2,812 could lead to a gain to $2,835 while a break below $2,784 could cause a loss to $2,740.
The bias could be towards the downside, as the drop from $2,856 seems to have been driven by a wave 4, which looks incomplete.
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