Testing Major Resistance This level has been a super important level since June this year and has held as a rock solid support level on many occasions.
This however could be the biggest test that this level has faced in recent months as price begins to build momentum lower.
As the daily chart shows; price has made a series of lower highs with weaker bounces each time this level has been tested.
If this level breaks lower it could open the way for an extended leg to the downside.
This however could be the biggest test that this level has faced in recent months as price begins to build momentum lower.
As the daily chart shows; price has made a series of lower highs with weaker bounces each time this level has been tested.
If this level breaks lower it could open the way for an extended leg to the downside.
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Related publications
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.