Price is currently in a corrective phase bulls will be watching for reversal patterns to develop on a test of the projected ascending trend channel support sited just below 34600, demand here will set a base for the next upside extension through prior cycle highs en-route to a test of the projected ascending trend channel resistance above 78000. Only a loss 28600 would warn of a deeper corrective phase to test the major equality objective at17191
This analysis is provided as general market commentary and does not constitute investment advice. Past performance is not indicative of future results
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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.