The price bounced off the level, but it could not reach the recent highs. The market is moving inside the Friday range, which means another sideways move. It made a complex two legged pullback from the resistance zone. The market is testing the previous day low. I think if the market makes a fake breakout of the level, we have a higher chance of the price moving upward toward the channel border. I expect the price to reject the support level and downward trendline. My goal is the resistance zone 2038
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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.