This level shows a major support level with all the rejections. Currently I’m seeing a falling wedge the broke the trend line (not the previous lower high)resistance last month and is currently retesting that line. More or less with the last 2 consolidations price had to move sideways in the channel for a continuation of a healthy up move. We may see a short term down from here but expect price to close at the $505 level eom. I’m in at $450.15.
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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.