Strong impulse previously to the upside, breaking through resistance to create a higher high. Price has now pulled back & retested broken resistance structure as support, where we see some consolidation taking place. Price could now be preparing to continue the uptrend above this region here for a potential higher high towards the previous all time high.
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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.