It looked like it was going to breakdown further as rsi started rolling on the 2hr time frame. Buyers managed to hold 134 as support. It could flag out here and chop between 159-134. As long as it holds 134 as support it can reset rsi that’s over extended on larger time frames. If we do get a confirmed hold above 159.66 it could be another breakout play here. Needs to confirm the hold above 160 thou
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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.