Testing of light blue immediate support band in progress. Support failure here will see a retest of the lavender support zone. Immediate resistance is the dual resistance band formed by the blue channel. Next resistance is orange resistance belt followed by the red extension line of the neckline of the complex head and shoulders pattern. Any upward movement will most probably be halted at the green resistance zone.
If Big Bears continue to be in control in the afternoon trading session the light blue support may breakdown. Stay alert and be nimble.
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