To start the week, we will probably have a slight rise to the resistance range of 3040-3047, and I intend to continue the correction to the support ranges of 2988 and the support range of 2971-2965, respectively, which is an important support range that could even be the end range of the correction. Otherwise, and with the loss of this support, the next support is clear on the chart. If the market starts its upward movement from the intended support, but this movement cannot create new highs, the price will move towards lower supports to collect more liquidity.
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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.