Price is currently in consolidation after the last strong impulsive move to the upside. Price is nearing key support structure below, where a reaction has occurred in previously. Watching for the dip down again into support, & for lower timeframe confirmation of a buy opportunity at the zone below, where then buyers may step in to break the counter trendline & start the next impulsive stage of the current uptrend.
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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.