As we can see price is currently in a long term uptrend. Price was selling within a channel and has broken the channel and is now showing sharp bearish moves to the downside potentially looking to retest the longterm trendline before showing bullish momentum and buying to resistance zone price 158.287.
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Price is currently retesting the trendline.
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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.