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The first one is 918 or so (red dashed line). This would be where I think the market would be supported if it were to develop a "false breakout" from the trading range which extends from 922 to 957.
The second level is stronger. It is midpoint support near 903 (purple dotted line). A drop to that level would also make the drop from 957 equal the size of the last reaction from 929 (purple rectangles).
1 comment:
Nice analysis Carl. And also a very helpful educational explaination. Thanks.
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