A reversal pattern has appeared on the weekly chart. Low volume in corrective waves was the first sign of the higher prices are coming. A weekly close above the 7 will not let the price below it easily. The price can retest 7 after hitting the 8. But ultimately, it will stall around 7.8 or above.
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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.