Context: Trading range between 185-202 was formed since June 2020 after the buying climax.
Structure: Currently undergo SOS rally breakout the resistance. A backup action is expected as a test. After that, major SOS rally or a markup phase is to be expected.
Bias: Bullish
Key levels: Support: 202, Resistance: 209
Tactic: Potential long upon a reversal and breakout from the backup action.
Structure: Currently undergo SOS rally breakout the resistance. A backup action is expected as a test. After that, major SOS rally or a markup phase is to be expected.
Bias: Bullish
Key levels: Support: 202, Resistance: 209
Tactic: Potential long upon a reversal and breakout from the backup action.
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