Following yesterdays positive Bullish Analysis, price has rejected a major area of resistance around $137.60. Upon a solid close under $136.28, I foresee price moving towards local support.($136.15) A close below that level would be a great bearish entry. I predict price could bleed to $136.75, then towards the 61% Fibonacci Level. Analysis is only valid if close below box region occurs.
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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.