As it currently stands the resistance line is still valid. We have a forming, I have drawn a line in the middle of the which appears to be showing some sideway resistance also, but this is yet to be confirmed properly
I also have applied to this trend, and I've mapped out that the cycle has just hit its wave V (5), and i'm expecting an correction to take place at some stage to the downside. I could really complicate the by drawing all the impulse and corrective waves within the main waves but I'll leave the fundamentals for you to do your independent analysis of the to avoid overcrowding the chart.
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