Price recently bounced from the lower boundary of a well-defined descending channel, finding support at a key demand area.
The breakout above local resistance suggests bullish momentum building up, with two target zones mapped at 351.41 and 359.75.
Watching for a potential continuation towards the upper trendline of the channel.
The breakout above local resistance suggests bullish momentum building up, with two target zones mapped at 351.41 and 359.75.
Watching for a potential continuation towards the upper trendline of the channel.
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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.