Two very strong resistance levels, 9k and 9.5k. Most likely will retest the descending channel support and the 4h 200 ema. A break above the 9.5k is bullish. In case of rejection, price will continue its downward path toward $7660.
Note
a head and shoulders can form with a target at around 6.9kNote
could not penetrate first resistance
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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.