Price is currently respecting the 4-hour ascending/descending channel (depending on trend direction).
We've seen a clear support and resistance structure forming within the channel.
The next key support level is at 3228 — watch for price action around this zone.
Also lining up with the 50% Fibonacci retracement level from the recent move.
We've seen a clear support and resistance structure forming within the channel.
The next key support level is at 3228 — watch for price action around this zone.
Also lining up with the 50% Fibonacci retracement level from the recent move.
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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.
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.