So we have been following this rising channel support and upper resistance to a T in my opinion this is our overall trend so as long as we continue holding this lower 1045 level and keeping it holding as support it should remain bullish I’ve been talking about this level for a couple weeks now I’m around 1K if 1100 didn’t hold which It did not. We know from past performance that the 970 level is extreme support as well it almost looks as if this is an ascending triangle within this rising channel we broke out of this and launched us up to 1600 where we double topped. This is ascending triangle resistance. Comes in around $1224 in which we need to confirm support back on top of
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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.