Bullish activation, strong resistance ahead
Strong day for the bulls breaking the short term downtrend from $175 zone.
Ideal entry for a long trade would be a retest of the previous resistance zone.
Possible shorter time frame consolidation before the uptrend continues.
The outlook is bullish.
Strong resistance ahead:
- downtrend line all the way from $285 zone
- 0.618 FIB
- weekly R2 pivot point
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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.