after price broke and closed above 65.17 level. A move higher and retest of this level confirmed bullish momentum from previous lows. following the Elliot wave pattern, price is possibly on its 5th leg up. This price action is expected to test the 50DMA at 66.34 area.
Note
Trade closed SL Hit.
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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.