There is a break of the channel with strong volume after a consolidation phase that highlights a strong Long position, although if we break the next support combined with a pull back above this new support we might consider looking for the next Resistance that highlighted on the daily frame, nor Fibunnaci retracement for making good decision.
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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.