- Day trading course l 866-640-3737 l Day trading education
Morning trading was ranging between support at 1168 and resistance at 1172, with a breakout from resistance at around 10 AM , drove price up to hug the upper resistance trendline of the longterm bullish channel, At this time, price is testing the support at 1176.50. If support does not hold next target is 1170, then onto bottom support trendline of channel. Next target 1155 and onto outer level at 1145.
If support holds expect buyers to come in and push price to test resistance at 1185.50 and then onto the upper trendline.
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