the market should trend on up in an impulsive manner.
Trade above the 51.42 high would open the possibility that the next leg up is underway .
Resistance above 51.42 is around 52.06. Trade above the 52.86 rebound high should strengthen the bullish case.
Support comes in around 50.55-50.00 and then 49.13, which should hold.
Trade above the 51.42 high would open the possibility that the next leg up is underway .
Resistance above 51.42 is around 52.06. Trade above the 52.86 rebound high should strengthen the bullish case.
Support comes in around 50.55-50.00 and then 49.13, which should hold.
Note
Below a weekly view looking at the possibility of this being part of primary wave 4 heading for 76...?!
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Disclaimer
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.