Context:
price first rejected the resistance level of 23450 , but buyers stepped up at tthe level of 22800 near the demadnline
of the channel , and now we have signs of increased buying pressure , towards the broken support at 2400
Trading Opportunities:
Long:
retracement at broken resistance 23450
Short:
Reversal at broken support 24000
Signs of strength:
upchannel intact
buying pressure
Signs Of weakness:
rejection of resistance
Support:
22800
22570
21600
Resistance:
23800
24000
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