The price action has been consistently demonstrating rejection over the course of the past three consecutive days. Anticipation of a pullback is warranted from the support level of 200, which also signifies a crucial test of its ascending trend line. Positioned as a significant barrier, the resistance level rests at 240; a breach of this level may herald further upward momentum, while failure to surpass it may result in continued rejection. A prudent risk management strategy entails implementing a stop loss below 190, triggered by the breach of the trend line and support level.
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