The price action validates a breakout and subsequent retest subsequent to the formation of a cup and handle pattern. Currently positioned at the confluence of a support level around 124, if this support level endures, a pullback is anticipated. Notably, a resistance level rests at approximately 144, and only upon its breach can further bullish momentum be expected.
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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.