Context: Trading range between 185-202 was formed since June 2020 after the buying climax.
Structure: Currently undergo SOS rally breakout the resistance. A backup action is expected as a test. After that, major SOS rally or a markup phase is to be expected.
Bias: Bullish
Key levels: Support: 202, Resistance: 209
Tactic: Potential long upon a reversal and breakout from the backup action.
Structure: Currently undergo SOS rally breakout the resistance. A backup action is expected as a test. After that, major SOS rally or a markup phase is to be expected.
Bias: Bullish
Key levels: Support: 202, Resistance: 209
Tactic: Potential long upon a reversal and breakout from the backup action.
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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.