We have a nice parallel structure sitting on top of a 50 EMA (in blue). A consolidation is happening. Interestly enough the 200 EMA(in orange) is close to the 0.382 Fib level. On the weekly chart you can see the bears gearing up. But the bulls are still in charge. Price needs to hold the 20.64 price range for the bulls.
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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.