After breaking a long multi-year down channel, looks like it touched briefly at resistance of the 51-52 region. Just one day so hoping this remains in the area and breaks through with a retest as support.
Green bar is what I've staged as a longer term support level and blue bars previous points that the price action was rejected - and will likely act as resistance in the future to come.
Green bar is what I've staged as a longer term support level and blue bars previous points that the price action was rejected - and will likely act as resistance in the future to come.
Note
Overcoming this first major resistance band!Note
hmmm
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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.