Red line was powerful support in February. 0.382fib reverse fib of the entire bull run just underneath in green. A wick down to the green and a close above the red might signal a 'broadening bottom reversal' chart pattern with possible profit target or possible short positioning in red box area.
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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.