As you can see, the tool approached a strong support at 170.5 for a retest, the formation looks like a local trend change, I suppose to see consolidation or consolidation at this level with further movement towards purchases to the price of 229.0, where the nearest resistance zone is located
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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.