has been trading within a long term 1M Rectangle
= 45.889, CCI
= -24.7510, Highs/Lows = 0.0000) roughly since late 2016. This March the price was rejected exactly on the 1W Resistance (130.500 - 134.525) and in April another Lower High attempt failed. This resulted in a strong downfall which is expected to test again the 1W Support Zone
(101.625 - 104.150) before another rebound. We are on a long term sell with TP = 104.250.
See the call of this trade before the strong rejection took place:
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