So although we had a very large fakeout of this originally assumed to be bull pennant. Now with further price action created we can see a large symetrical triangle. Descending reistance with ascending support. As we head lower here I’m looking and watching this lower support I have marked. As long as we bounce here around 71.840 level and don’t lose this support. This next rip could be the final breakout level. Def watch this 79-80$ level when or if we reach it. If We could get a confirmed breakout this move should be pretty large targeted move is still 118$ which would also line up with the .382 fib level. The .618 fib level is also reistance at 83.23 which will need to be maintained as née support as well
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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.