Wednesday, sellers broke below the key 5865 level and buyers back-tested it yesterday. As expected, we got another back-test today, which just hit. It’s still a solid resistance level—protect gains today and keep a runner if you can.
As of now: Looking for a base to form, with 5878-83+ being the next upside targets. Supports are at 5848 and 5842; if these don’t hold, sellers may step in heavy
As of now: Looking for a base to form, with 5878-83+ being the next upside targets. Supports are at 5848 and 5842; if these don’t hold, sellers may step in heavy
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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.