Price is reacting constructively from the ideal mid-term support area established at the November bottom.
The trend structure suggests potential for at least one more leg to the upside into the 71–75 resistance zone, as long as the November lows continue to hold.
Chart:
https://www.tradingview.com/x/20iaVkum/
The trend structure suggests potential for at least one more leg to the upside into the 71–75 resistance zone, as long as the November lows continue to hold.
Chart:
https://www.tradingview.com/x/20iaVkum/
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⚡ Technical analysis, setups & commentary
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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.