The Breakdown: The last two bars are the whole story. The price was rejected hard at resistance, and today it gapped down and sliced through the recent lows. This isn't a gentle pullback; this is a capitulatory breakdown.
Target 1: $95.00
Target 2: $90.00
Target 1: $95.00
Target 2: $90.00
Trade closed: target reached
$75 - $80 is likely
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Disclaimer
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.