Strong bull attempt that formed breaking a tight bull cycle higher, but right at the top of the channel after a higher low reversal from the bottom. A quick new high is likely to hit again, but not go very far as this tends to be a trap more than a breakout so a deeper dip for buyers is making sense here back to the channel lows.
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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.