Price attempted a rallie off the demandline from the upchannel , and we broke out the minor downchannel however price rejected the 50% level of 77600 , which should be considered weak, price currently is on its way to test the minor support/demandline at 76930 , if bulls step up at this level , we migh tthest the 50% mark again . any break of this minor support and we are back in the downtrend.
Trading opportunities: Long: Reversal at minor support / demandline at 76930
Short: Reversal at or near the 50% mark of 77600 - Lower high breakdown of support / deamdnline at 76930 + retracement
Signs of strength: rally off demandline upchannel
Signs Of weakness: downtrend rejection of 50% mark
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