We discussed this market last week and the crucial support level that price was testing on the daily chart.
This level has held with two bullish rejection candles and price is now looking to make a test of the near term resistance.
As the daily chart shows; this resistance has recently held as a solid support level.
For the uptrend to regain it's momentum, this level will need to be broken. Until that happens, we continue to watch the price action unfold.
This level has held with two bullish rejection candles and price is now looking to make a test of the near term resistance.
As the daily chart shows; this resistance has recently held as a solid support level.
For the uptrend to regain it's momentum, this level will need to be broken. Until that happens, we continue to watch the price action unfold.
