I have adusted the trend line and the subsequent target area for the descending range. I believe this has to turn sideways at some point so we will want to prepare for that. It is actually possible that this last move was a move sideways which if so it means that we now have to pay closer attention to horizontal psychological levels. Right now, the diagonal psychological levels have a little more pressure on our trades.
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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.