Despite recovery from $45.66, the subsequent failure at hourly chart hurdle of $46.88 in the wake of a bearish symmetrical triangle breakout on the daily chart suggests the prices could re-test the falling channel support around $46.00. A break lower could yield a sell-off to $44.00 handle.
On the higher side, an hourly close above $46.88 could yield a re-test of $48.00-48.59 levels.
On the higher side, an hourly close above $46.88 could yield a re-test of $48.00-48.59 levels.
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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.