Weekly price action is bearish, below the 10MA and the blue MACD line below mid-point. Currently we are at a minor support level and most likely we may have a short term counter trend rally to trend line resistance or top of reference channel. If support is broken the next target is bottom of reference channel or the .382 FIB. level.
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.