Looking at this chart we have to go back all the way to 1980 to see the last time price was this high we have entered the Monthly SELL/SUPPLY zone that was created in that Year looking like it could go all the up towards 158
I will start to look for SELL signals as we go above 154 using the TRFX indicator on the daily charts this is a long term trade idea going off the Monthly charts the first target should be around 138 which is the previous Monthly resistance now support.
This has the potential to be a HUGE trade over the few months
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.