On the weekly period, price has been ranging between parallel Support and Resistance, it appears to be going back down to test the lower level.
Price is approaching a previous horizontal support + the 38% fibonacci level which provides significant resistance.
Price is approaching a previous horizontal support + the 38% fibonacci level which provides significant resistance.
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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.