As it is clear from the chart , price is following through parallel channel
1. if price breaks and sustains above the channel it may test higher levels
2. if price respects the channel then it moves downwards
1. if price breaks and sustains above the channel it may test higher levels
2. if price respects the channel then it moves downwards
Trade active
If price sustains above 390 may travel upwardsNote
looks like 390 is very strong. lets see how the price moves
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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.