A different approach at the recent development in the structure we are watching. Price has temporarily been held up at $10,300 level. We could be developing the handle to a cup! Upper target of that would bring price back to $10,700 or above.
Note
As this potential handle plays out we saw the support line hold up another 2 times. Resistance has also establish price’s channel rather than a wedge.
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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.