The rejection level also happens to be cloud resistance on the weekly Ichimoku Cloud (chart to follow.)
Temporary support will likely be found on these channel trend lines all the way down.
Temporary support will likely be found on these channel trend lines all the way down.
- 30% correction takes the price to $6350
- 33% correction takes the price to $6100
- 40% correction takes the price to $5450
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Related publications
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.