Idea: The price moves in a falling channel. The price retested the nearest strong support level, but failed to gain a foothold above it. A rebound from the resistance level will be a signal to continue the fall. The breakdown of the upper border of the channel will start a strong local 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.