Dragonfly resting after rebound from green support band and blue channel support. Immediate support is the dotted lower red channel boundary followed by the blue support belt. If buying interest continues there is a high probability of testing the median line of the blue channel. A strong breakout above this median resistance line may propel price towards the upper boundary of the blue channel. Use the coloured bands as potential support and resistance zones.
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1 comment:
Care to do another update for this chart? Thanks in advance.
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