A trend change is expected to form within the support trend line and the continuation of the upward trend is expected. A break of the resistance level will be a confirmation of the upward trend. If the support trend line is broken, a continuation of the downward trend is likely.
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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.