As you can see we are still in the range of the highs and lows since the start of the breakdown earlier this year. Until we break that resistance line I still see potential for this to go either way. To continue going higher from here it would take a lot of volume and increased strength which is already waining from the run up we've had in the last couple weeks.
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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.