is seeing major resistance at 11694 ( Fibonacci retracement
, Fibonacci extension
, horizontal swing high resistance) which needs to be broken to open a potential rise to 12985 resistance ( Fibonacci retracement
, horizontal overlap resistance). It’s important to note that we’ve seen a bullish
exit of our long term descending resistance-turned-support line too signaling a change in momentum from bearish
. We’re also holding really well above our Ichimoku cloud
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Losses can exceed the initial investment so please ensure you fully understand the risks.