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Possible long to upside, only thing to watch for is that, there is long time resistance headed this way, But if we breach that, we could have a nice move
1. We have established a strong support level, on a major moving average
2.The sideways resistance was broken, with the enthusiasm being started by a bullish harami, on the support level.
3. The support level is a ratio confluence level
4. The support level has been tested 3 times
5. The deeper leg correction was 0.5 retracement, and down move was rejected, suggesting possible bullish continuation. We've had higher highs since then.
Possible long to upside, only thing to watch for is that, there is long time resistance headed this way, But if we breach that, we could have a nice move
1. We have established a strong support level, on a major moving average
2.The sideways resistance was broken, with the enthusiasm being started by a bullish harami, on the support level.
3. The support level is a ratio confluence level
4. The support level has been tested 3 times
5. The deeper leg correction was 0.5 retracement, and down move was rejected, suggesting possible bullish continuation. We've had higher highs since then.
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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.
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.