My personal take is this: We have a support box that has been identified and if it breaks for any reason, it can go all the way to the blue lines, but whatever high it makes in the short term, we need to see what it does to the red lines.
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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.