This trend channel was followed well, serving as good support. It should test our strong support line, along with the phycological resistance of 500, matched up with the .786 fib retracement level. 3 signals of resistance that I believe will be hard to break in short term. Look for a bounce.
Comment
As long as we stay in our trend channel, I believe this play will give chances for upside. Testing at the consolidation area (Yellow), and we may see a slide back into our buy zone.
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