Price is on its way back up into the key resistance zone above, which aligns with the 3rd touch of the descending trendline, where I will be monitoring price action for potential selling opportunities again into support. The overall trend is still in a downtrend, & the resistance zone aligns with a key area of structure resistance of the trend.
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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.