AJ has been in a slow pullback the last few days. Buyers are struggling to make new highs and maintain uptrend structure. Price has the potential to keep moving lower before reversing at 71.000, which has confluence with 61.8 Daily Retracement and monthly key level 70.000. Until this market makes a new high, I'll only be looking for sells this week.
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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.