Price within extended channel and resistance turn into support from previous expanding pattern its possible price could continue up especially if price forms corrective structure on smaller time frames near this level watch for bullish confluence or bullish reversal patterns on smaller timeframe to enter a long position
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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.