The market has dropped sharply this morning after encountering overhead resistance from a RL here shown in dark red. It also was the juncture of two upper median line parallels. I have shown the 15 min and the 240 minute chart as underneath price is support form a long term RL which has supported price action right from the begining of this upward movement back in early June. If this RL holds then all is still in place for more upside but if it fails then personally i will doubt if price action can make new highs.....Friday will decide all with US economic news providing the impetus.
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